Australia Opens Probe Into Tabcorp over Money-Laundering Risks, Shares ...

Austrac probe sends Tabcorp shares crashing

The betting group says AUSTRAC is looking at “a number of serious concerns” with Tabcorp’s ability to identify and stop money laundering and monitor its customers.

Super performance test change considered; Austrac launches Tabcorp probe; East coast gas reserve plans

Read everything that’s happened in the news so far today.

ASX gains in global rally, Tabcorp crashes on money laundering probe

The ASX's earlier gains have been being trimmed as Tabcorp's shares are crunched on news of a fresh money laundering investigation. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

Tabcorp (ASX:TAH) Crashes 25% on AUSTRAC Probe: Buy the Dip or Stay Away?

Tabcorp Shares Plunge After AUSTRAC Probe Tabcorp Holdings (ASX:TAH) shares were hammered today after the wagering giant told the market it is the subject of a new AUSTRAC enforcement investigation. The stock briefly fell as much as 28% to an intraday low of A$0.82 before recovering slightly to close at around A$0.88, a 23% drop from Wednesday’s close of A$1.15. The news has shocked the market because Tabcorp had been one of the strongest perfor…

ASX Surges as Oil Fears Ease While Tabcorp Sinks

ASX rallies strongly as oil panic fades, miners surge, gold stocks gain momentum, and Tabcorp tumbles following regulatory scrutiny.