Brisbane Times
·general
·1 hour ago
Tabcorp’s shares nosedive amid money laundering investigation
Australia's betting company Tabcorp faces investigation by anti-money laundering regulator AUSTRAC over compliance concerns, the company announced Thursday. Shares plummeted 25 percent, erasing $500 million in market value within hours. Tabcorp paid a $45 million fine in 2017 for similar breaches dating to 2010-2015.
Summary by Glance · Brisbane Times
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