{"id":273,"date":"2024-06-28T06:37:01","date_gmt":"2024-06-28T03:37:01","guid":{"rendered":"https:\/\/vegas2web100freespins.icu\/2024\/06\/28\/austrac-launches-investigation-into-entain-over-aml-ctf-concerns\/"},"modified":"2024-06-28T06:37:01","modified_gmt":"2024-06-28T03:37:01","slug":"austrac-launches-investigation-into-entain-over-aml-ctf-concerns","status":"publish","type":"post","link":"https:\/\/vegas2web100freespins.icu\/2024\/06\/28\/austrac-launches-investigation-into-entain-over-aml-ctf-concerns\/","title":{"rendered":"Austrac Launches Investigation into Entain Over AML\/CTF Concerns"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/fDC6ylBKUF4\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The Australian Financial Transactions and Analysis Center (Austrac) has initiated a &#8220;law enforcement inquiry&#8221; into Entain due to worries about anti-money laundering (AML) and counter-terrorism financing (CTF), and has suggested that other operators may be examined.<\/p>\n<p>Austrac stated in a press release that the investigation follows &#8220;broad supervision&#8221; of Entain&#8217;s operations. It will evaluate whether Entain has adequately adhered to its responsibilities under Australia&#8217;s AML\/CTF Act.<\/p>\n<p>Austrac&#8217;s chief executive, Nicole Rose, stated that all businesses, including those in the gambling sector, must comply with AML and CTF regulations to combat serious criminal activity.<\/p>\n<p>&#8220;Reporting entities have a duty to ensure they identify, assess and manage the risks of money laundering and terrorism financing, develop appropriate procedures and dedicate the necessary resources to fulfill their AML\/CTF obligations,&#8221; Rose said.<\/p>\n<p>Austrac also indicated that the investigation into Entain could result in further inquiries into other gambling companies in Australia.<\/p>\n<p>It added that it could not provide further details on the matter at this time.<\/p>\n<p>Less than a month ago, Entain was penalized \u00a317 million (\u20ac20.3 million\/$20 million). <\/p>\n<p>The United Kingdom Gambling Commission (UKGC) has levied a substantial \u00a317 million fine on Entain, citing shortcomings in the company&#8217;s commitment to social responsibility and its anti-money laundering procedures.<\/p>\n<p>A significant portion of the penalty, \u00a314 million, is directed towards LC International Limited, the entity responsible for Entain&#8217;s online gambling brands, including Coral.co.uk and Foxybingo.com.<\/p>\n<p>The remaining \u00a33 million is allocated to Ladbroke&#8217;s Betting &#038; Gaming Limited, Entain&#8217;s retail betting network.<\/p>\n<p>Subscribe to the iGaming news newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Australian Financial Transactions and Analysis Center (Austrac) has initiated a &#8220;law enforcement inquiry&#8221; into Entain due to worries about anti-money laundering (AML) and counter-terrorism financing (CTF), and has suggested that other operators may be examined. Austrac stated in a press release that the investigation follows &#8220;broad supervision&#8221; of Entain&#8217;s operations. It will evaluate whether [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Austrac Investigates Entain for AML\/CTF Concerns<\/title>\n<meta name=\"description\" content=\"Austrac is investigating Entain for potential breaches of Australia\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vegas2web100freespins.icu\/2024\/06\/28\/austrac-launches-investigation-into-entain-over-aml-ctf-concerns\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Austrac Launches Investigation into Entain Over AML\/CTF Concerns\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Austrac is investigating Entain for potential breaches of Australia\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/vegas2web100freespins.icu\/2024\/06\/28\/austrac-launches-investigation-into-entain-over-aml-ctf-concerns\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Stay Informed &amp; Win Big at Our Licensed Online Casino\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-28T03:37:01+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/vegas2web100freespins.icu\/2024\/06\/28\/austrac-launches-investigation-into-entain-over-aml-ctf-concerns\/\",\"url\":\"https:\/\/vegas2web100freespins.icu\/2024\/06\/28\/austrac-launches-investigation-into-entain-over-aml-ctf-concerns\/\",\"name\":\"Austrac Investigates Entain for AML\/CTF Concerns\",\"isPartOf\":{\"@id\":\"https:\/\/vegas2web100freespins.icu\/#website\"},\"datePublished\":\"2024-06-28T03:37:01+00:00\",\"dateModified\":\"2024-06-28T03:37:01+00:00\",\"author\":{\"@id\":\"https:\/\/vegas2web100freespins.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Austrac is investigating Entain for potential breaches of Australia\",\"breadcrumb\":{\"@id\":\"https:\/\/vegas2web100freespins.icu\/2024\/06\/28\/austrac-launches-investigation-into-entain-over-aml-ctf-concerns\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/vegas2web100freespins.icu\/2024\/06\/28\/austrac-launches-investigation-into-entain-over-aml-ctf-concerns\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/vegas2web100freespins.icu\/2024\/06\/28\/austrac-launches-investigation-into-entain-over-aml-ctf-concerns\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/vegas2web100freespins.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Austrac Launches Investigation into Entain Over AML\/CTF Concerns\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/vegas2web100freespins.icu\/#website\",\"url\":\"https:\/\/vegas2web100freespins.icu\/\",\"name\":\"Stay Informed &amp; Win Big at Our Licensed Online Casino\",\"description\":\"Stay on top of the online gambling world with our regularly updated news, honest reviews, and expert articles. Experience the best of licensed gaming at our trusted platform.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/vegas2web100freespins.icu\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/vegas2web100freespins.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/vegas2web100freespins.icu\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png\",\"contentUrl\":\"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png\",\"caption\":\"admin\"},\"description\":\"This talented writer and mathematician holds a Ph.D. in Applied Mathematics and a Masters in Probability Theory. With a deep understanding of the intricacies of casino games, they have published numerous articles on game theory, probability, and combinatorics in relation to gambling. Their expertise in discrete mathematics and stochastic processes has made them a sought-after consultant for licensed casinos worldwide. Their articles, reviews, and news pieces provide valuable insights into the world of casino gaming.\",\"sameAs\":[\"http:\/\/theworldcasino.vip\"],\"url\":\"https:\/\/vegas2web100freespins.icu\/author\/ezvhu8xt\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Austrac Investigates Entain for AML\/CTF Concerns","description":"Austrac is investigating Entain for potential breaches of Australia","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/vegas2web100freespins.icu\/2024\/06\/28\/austrac-launches-investigation-into-entain-over-aml-ctf-concerns\/","og_locale":"en_GB","og_type":"article","og_title":"Austrac Launches Investigation into Entain Over AML\/CTF Concerns","og_description":"Austrac is investigating Entain for potential breaches of Australia","og_url":"https:\/\/vegas2web100freespins.icu\/2024\/06\/28\/austrac-launches-investigation-into-entain-over-aml-ctf-concerns\/","og_site_name":"Stay Informed &amp; Win Big at Our Licensed Online Casino","article_published_time":"2024-06-28T03:37:01+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/vegas2web100freespins.icu\/2024\/06\/28\/austrac-launches-investigation-into-entain-over-aml-ctf-concerns\/","url":"https:\/\/vegas2web100freespins.icu\/2024\/06\/28\/austrac-launches-investigation-into-entain-over-aml-ctf-concerns\/","name":"Austrac Investigates Entain for AML\/CTF Concerns","isPartOf":{"@id":"https:\/\/vegas2web100freespins.icu\/#website"},"datePublished":"2024-06-28T03:37:01+00:00","dateModified":"2024-06-28T03:37:01+00:00","author":{"@id":"https:\/\/vegas2web100freespins.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0"},"description":"Austrac is investigating Entain for potential breaches of Australia","breadcrumb":{"@id":"https:\/\/vegas2web100freespins.icu\/2024\/06\/28\/austrac-launches-investigation-into-entain-over-aml-ctf-concerns\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/vegas2web100freespins.icu\/2024\/06\/28\/austrac-launches-investigation-into-entain-over-aml-ctf-concerns\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/vegas2web100freespins.icu\/2024\/06\/28\/austrac-launches-investigation-into-entain-over-aml-ctf-concerns\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/vegas2web100freespins.icu\/"},{"@type":"ListItem","position":2,"name":"Austrac Launches Investigation into Entain Over AML\/CTF Concerns"}]},{"@type":"WebSite","@id":"https:\/\/vegas2web100freespins.icu\/#website","url":"https:\/\/vegas2web100freespins.icu\/","name":"Stay Informed &amp; Win Big at Our Licensed Online Casino","description":"Stay on top of the online gambling world with our regularly updated news, honest reviews, and expert articles. Experience the best of licensed gaming at our trusted platform.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/vegas2web100freespins.icu\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/vegas2web100freespins.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/vegas2web100freespins.icu\/#\/schema\/person\/image\/","url":"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png","contentUrl":"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png","caption":"admin"},"description":"This talented writer and mathematician holds a Ph.D. in Applied Mathematics and a Masters in Probability Theory. With a deep understanding of the intricacies of casino games, they have published numerous articles on game theory, probability, and combinatorics in relation to gambling. Their expertise in discrete mathematics and stochastic processes has made them a sought-after consultant for licensed casinos worldwide. Their articles, reviews, and news pieces provide valuable insights into the world of casino gaming.","sameAs":["http:\/\/theworldcasino.vip"],"url":"https:\/\/vegas2web100freespins.icu\/author\/ezvhu8xt\/"}]}},"_links":{"self":[{"href":"https:\/\/vegas2web100freespins.icu\/wp-json\/wp\/v2\/posts\/273"}],"collection":[{"href":"https:\/\/vegas2web100freespins.icu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vegas2web100freespins.icu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vegas2web100freespins.icu\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/vegas2web100freespins.icu\/wp-json\/wp\/v2\/comments?post=273"}],"version-history":[{"count":0,"href":"https:\/\/vegas2web100freespins.icu\/wp-json\/wp\/v2\/posts\/273\/revisions"}],"wp:attachment":[{"href":"https:\/\/vegas2web100freespins.icu\/wp-json\/wp\/v2\/media?parent=273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vegas2web100freespins.icu\/wp-json\/wp\/v2\/categories?post=273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vegas2web100freespins.icu\/wp-json\/wp\/v2\/tags?post=273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}