Australia to investigate online gambling company Bet365 Australia's Financial Crimes Commission has launched an investigation into Brit...

 Australia to investigate online gambling company Bet365

Australia's Financial Crimes Commission has launched an investigation into British online gambling company Bet365 for compliance with the agency's anti-money laundering and counter-terrorism laws.

In 2022, the Australian Investment Research Institute (Austrac) required a full investigation of the company.

However, the Bet365 company did not say a word about the issue, when BBC contacted it about the matter.

The company came under more pressure after internet gambling companies gained strength during the corona epidemic.

"Investing without adequate monitoring of the risks involved puts people at risk of harm from fraud," said Brendan Thomas, head of the country's Financial Analysis Center (Austrac).

The Austrac Institute investigates banks, companies and casinos, to ensure that they comply with the laws and regulations of the institution to avoid fraud in their financial transactions.