AUSTRAC Investigates bet365 AML Compliance Protocols
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AUSTRAC Investigates bet365 AML Compliance Protocols

Investigation follows external audit of company

by - Thursday, March 7th, 2024 9:32
bet365 AUSTRAC
AUSTRAC Investigates bet365 AML Compliance Protocols that it has launched an official enforcement investigation into Hillside (Australia New Media) Pty Limited trading as bet365.

AUSTRAC Investigates bet365 AML Compliance Protocols AUSTRAC Investigates bet365 AML Compliance Protocols AUSTRAC Investigates bet365 AML Compliance Protocols AUSTRAC Investigates bet365 AML Compliance Protocols

In its statement AUSTRAC said that, if necessary, it would use the enforcement powers available to it and take action where suspected non-compliance is identified. No further details of the investigation have yet been released.

bet365 Record Revenues in 2023

Earlier this year the company reported revenues of £3.39 billion ($4.3 billion/€3.9 billion) for FY23 which ended on the 26th of March 2023.

AUSTRAC Investigates bet365 AML Compliance Protocols total of £2.85 billion ($3.6 billion/€3.3 billion). This included a 15% rise in sports betting revenues and a 31% increase in online casino revenues.

Natasha Lyndon
AUSTRAC Investigates bet365 AML Compliance Protocols