AUSTRAC has confirmed that Flutter-owned Sportsbet has completed its regulator-mandated anti-money laundering remediation program after the operator was found to have...
bet365 ordered to improve AML systems after AUSTRAC probe
On July 6, 2026, bet365 entered into a legally binding agreement with AUSTRAC to restructure its anti-money laundering controls after the agency found multiple violations in the operator’s risk assessment and suspicious activity reporting.
Under the binding enforceable undertaking, bet365 will overhaul its AML and counter-terrorism financing systems, which include developing a new risk assessment approach and improving the detection and reporting of suspicious transactions. In case of further breaches, the operator will face civil fines.
CEO of AUSTRAC, Brendan Thomas, commented:
“The gambling industry processes large volumes of money at high speed, often through anonymous digital channels. This creates opportunities criminals look to exploit. This means businesses need to continuously improve their systems to assess risks and monitor for suspicious activity because when controls fall behind, the consequences extend beyond a single company.”
The investigation was first launched after an independent audit of bet365’s operations back in 2022, during which regulatory authorities reviewed whether the company and its competitor operator, Sportsbet, were profiting from criminal proceeds. Additionally, the agency concluded its investigation into the latter just days before targeting bet365, as Flutter-owned Sportsbet cleared the AUSTRAC AML remediation.
bet365 has secured a license from the French Autorité Nationale des Jeux (ANJ) to expand into the country’s gambling market and offer online sports betting.bet365 had...
