AUSTRAC v SportsBet Pty Ltd
civil penalty13 Dec 2024Penalty $19.00M
Respondent
Sportsbet Pty Ltd
Facts
Sportsbet admitted that its Part A AML/CTF program did not appropriately assess and mitigate ML/TF risks across its business for almost 8 years.
Outcome
Federal Court ordered a $19 million civil penalty plus costs.
Read the source
https://austrac.gov.au/news-and-media/media-release/sportsbet-ordered-pay-19-million-penaltyRules Mate links to the regulator's own publication. We do not republish full decision text. Always verify the latest status against the source before acting.