The parent company of Ladbrokes and Neds has been sued by the financial crimes regulator for allegedly not doing enough to prevent money laundering on their products. AUSTRAC alleges the company had "serious and systemic non-compliance" with Australia's anti-money laundering and counter-terrorism financing laws. It alleges Entain did not develop and maintain a compliant anti-money laundering program and failed to …
The chief executive of Ladbrokes-owner Entain has said she is considering returning £102m of furlough money to taxpayers, amid sustained regulatory pressure on the gambling industry. However, she added: “The board is keeping, and will continue to keep, the situation under review, but it’s just too early.” This meant it could be returned in months to come: “When I say …
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