AUSTRAC accepts Enforceable Undertaking from online betting company Sportsbet

The enforceable undertaking binds Sportsbet to an ongoing remedial action plan to improve its AML/CTF program, which AUSTRAC will monitor to ensure it is undertaken within agreed timeframes. As part of the undertaking, Sportsbet is also required to provide reports to AUSTRAC from an auditor who will continually monitor the progress of Sportsbet’s uplift.