Gambling giant deliberately hid identities of high risk customers, financial crime watchdog alleges in unique court case

Entain, which runs Ladbrokes and Neds, did not have appropriate oversight of its anti-money laundering program, Austrac alleges

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Australia’s financial intelligence agency has taken gambling giant Entain to the federal court, alleging it “deliberately obscured the identities” of high risk customers and failed to stop a “serious risk of criminal exploitation”.

The Australian Transaction Reports and Analysis Centre’s (Austrac) civil penalty proceedings allege that Entain, which runs the Ladbrokes and Neds betting brands, committed “serious and systemic non-compliance with Australia’s anti-money laundering and counter-terrorism financing laws”.

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