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Entain Group Under Regulatory Fire in Australia Over AML/CTF Breaches

April 2025 | Sydney, Australia — Entain Group, the parent company of Ladbrokes and Neds, is facing mounting regulatory pressure in Australia following allegations of serious breaches of anti-money laundering (AML) and counter-terrorism financing (CTF) laws

The Australian Transaction Reports and Analysis Centre (AUSTRAC) initiated civil penalty proceedings against Entain in December 2024, citing what it described as “serious and systemic non-compliance” with Australia’s AML/CTF regulatory framework

Allegations and Regulatory Actions

AUSTRAC's case against Entain is based on several key compliance failures

  • Inadequate oversight by the board and senior leadership
  • Insufficient customer identity verification procedures
  • Lack of due diligence on high-risk customers
  • Permitting third-party deposits, potentially enabling money laundering
The regulator alleges that these lapses created avenues for illicit financial activity within Entain’s platforms, putting Australia’s financial system at risk.

Entain’s Response and Compliance Measures

In a public statement, Entain reaffirmed its commitment to strengthening its regulatory posture. The company noted that it has been fully cooperating with AUSTRAC and began rolling out enhanced

“We are committed to keeping financial crime out of gambling and continue to play our part in supporting a well-regulated and compliant sector for our customers, stakeholders, and the wider community.”
— Stella David, Interim CEO, Entain Group

Leadership Shake-Up Amidst Crisis

Industry analysts warn of substantial financial consequences for Entain. Based on precedents in the Australian gambling sector, penalties for similar violations have ranged between £20 million to £225 million. Entain has acknowledged the risk of a significant monetary fine as a result of the AUSTRAC proceedings.

Mediation Talks and Legal Outlook

As of March 2025, Entain and AUSTRAC are engaged in mediation aimed at resolving the matter outside of court. While reports have circulated about a possible settlement offer, AUSTRAC has publicly denied receiving any such proposal.