In 2022, an external audit of the company was mandated by Austrac, the Australian Transaction Reports and Analysis Centre.
A request for comment from the news was not immediately answered by Bet365.
Following the pandemic, there has been heightened scrutiny of the business due to the rise in internet betting.
The CEO of the Australian Transaction Reports and Analysis Centre, Brendan Thomas, stated that “businesses without adequate processes in place to manage those risks leave themselves vulnerable to exploitation by criminals” .
it looks into banks, gambling establishments, and casinos to make sure they have strong compliance protocols in place to keep them from making money off of illegal activity.
