"Corporate bookmakers must have robust systems in place to ensure they can manage and mitigate risks associated with money laundering and terrorism financing," said AUSTRAC CEO Brendan Thomas in the statement. "Businesses without adequate processes in place to manage those risks leave themselves vulnerable to exploitation by criminals." The statement continued: "AUSTRAC has a range of regulatory tools and enforcement powers available to it and will not hesitate to take action where suspected non-compliance is identified. "As the investigation is ongoing, AUSTRAC is unable to comment any further at this time." AUSTRAC has previously investigated Britain's troubled Entain, which recently jettisoned CEO Jette Nygaard-Andersen, over anti-money laundering Compliance issues. And in 2020 AUSTRAC fined Australian bank Westpac a swingeing AUS$1.3 billion (£673m) for regulatory breaches.