SMH
·general
·2 hours ago
Tabcorp’s shares nosedive amid money laundering investigation
Australian betting company Tabcorp's shares plunged more than 25 percent Thursday after regulators launched a money laundering investigation. AUSTRAC opened a probe into Tabcorp's anti-money laundering compliance, wiping $500 million from its market value. The company faced similar allegations in 2017, resulting in a $45 million penalty for failing to report suspicious betting activity.
Summary by Glance · SMH
Newer
Next
Loving doing this? 🎉
Take it further — get the full app and never miss a moment of what's happening in Australia.
Breaking news alerts
Instant lock-screen notifications the moment big stories break across Australia.
Australian news & events
Politics, sport, weather, local events — all in one swipeable feed, updated around the clock.
Stay ahead of the news cycle
30-second summaries so you're always informed, even on your busiest days.
Loading article…
This publisher's site can't be shown here due to their security settings.
Open full article →No source link available for this article.
✨
Ask AI