Sports gambling giants face ‘wake-up call’ as Australian money-laundering investigation nears end

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Anton Moiseienko, a money-laundering expert at the Australian National University, researched the online gambling industry while at the Royal United Services Institute in the UK. His report did not focus on Sportsbet, Ladbrokes or Bet365, but found other companies had failed to comply with “elementary” obligations. “We’re not talking about controls being defeated by some sophisticated attempts at money laundering,” Moiseienko said. He said online gambling provided some criminals with an opportunity to transform the proceeds of crime into legitimate winnings, or to use stolen credit card details. “The failings in that context are pretty basic most of the time,” Moiseienko said.