Denise Coates, Bet365’s founder, is being investigated for financial compliance

Denise Coates, Bet365’s founder, is being investigated for financial compliance.

Denise Coates, the founder of Bet365 and Britain’s highest-paid woman, is under investigation by the Australian Transaction Reports and Analysis Centre (Austrac) for anti-money laundering and counter-terrorism financing violations.

While Coates has not been accused, Bet365 is being investigated. The firm, which began in 2000 and has since evolved into a global betting behemoth, is accused of breaking compliance regulations.

Coates, well-known for her high income and support to the arts, may face large tax problems.

The inquiry corresponds with widespread worries about gambling-related problems in Australia, leading to government crackdowns on the business.