The deputy chief executive officer of Entain Australia Lachlan Fitt has resigned, marking the third executive departure from the company amongst an ongoing money laundering case.
According to The Guardian, Lachlan Fitt, who served as the chief financial officer of Entain Australia since 2018 joins former CEO Gavin Isaacs and the managing director of Entain NZ – Cameron Rodger, in tendering his resignation from the gambling group.
Entain Australia is currently undergoing a probe by Australia’s financial watchdog AUSTRAC over “serious and systemic non-compliance with anti-money laundering and counter-terrorism financing laws”.
The group is accused of accepting millions in bets from 17 high-risk clients with “suspected criminal profiles and associations” despite being aware of the risks.
The group notes that the civil proceedings may result in a penalty “which could be potentially material”.
The group notes that it is cooperating with AUSTRAC and working on its AML/CTF compliance.
