https://money.usnews.com/investing/news/articles/2026-05-06/australias-financial-crime-regulator-probes-tabcorp-over-money-laundering-risks

Australia's financial ⁠crime ⁠watchdog has launched ⁠a probe into Tabcorp over concerns about its ability to manage money-laundering ‌and terrorism-financing risks, the ‌gambling company said on ⁠Thursday.

⁠The Australian Transaction Reports and Analysis Centre (AUSTRAC) will initially focus on whether Tabcorp has a compliant anti-money-laundering and counter-terrorism-financing programme, is adhering to that programme, and is appropriately ⁠monitoring customers.

⁠The enforcement investigation ⁠is at an early stage and all potential outcomes remain open, ⁠including the possibility that no further enforcement action will be taken.

Tabcorp Chairman Brett Chenoweth said the ⁠board and executive are "fully committed" to collaborating with AUSTRAC ⁠on uplifting the company's money-laundering and terrorism-financing risk maturity.

This is not the first time Tabcorp has faced AUSTRAC scrutiny. The agency had filed civil proceedings against the company in July 2015.

Tabcorp agreed ⁠to pay A$45 million ($32.56 million) to settle the money-laundering suit with the agency in 2017.