Betway, a subsidiary of Super Group, is under investigation by the South African Reserve Bank’s (Sarb) financial surveillance department.
The probe targets historical fund transfers from South African operations to foreign entities within the Super Group structure.
Investigators are examining potential breaches of the South African Exchange Control Regulations.
Super Group disclosed the transfers involved payments for services and software licenses provided to its local subsidiary, Raging River.
The South African Reserve Bank declined to comment on the specifics of the ongoing investigation.