SMH ·general ·1 hour ago

Tabcorp hit with money laundering investigation

Australia's betting company Tabcorp faces a money laundering investigation by AUSTRAC over compliance failures. The regulator raised "serious concerns" about the company's ability to prevent illegal activity on its platform. Chief Executive Gillon McLachlan said Tabcorp will work constructively with authorities as it upgrades its risk management capabilities.

Summary by Glance · SMH

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