The Age
·general
·2 hours ago
Tabcorp’s shares nosedive amid money laundering investigation
Australia's anti-money laundering regulator AUSTRAC launched an investigation into betting company Tabcorp on Thursday over compliance concerns. Tabcorp's share price fell more than 25 percent, erasing $500 million from its market value within hours. This marks the second enforcement action against Tabcorp, which paid a $45 million fine in 2017 for similar breaches.
Summary by Glance · The Age
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