The NSW Crime Commission published this Report on 26 October.  The Project was established to:

  • investigate the nature and extent of money laundering that may be occurring in licensed premises in New South Wales with particular reference to the use of gaming machines;  
  • identify potential vulnerabilities within the regulations and legislation governing gaming machines which could be exploited for the purpose of laundering; and
  • furnish reports about matters relating to money laundering through electronic gaming machines to government.

It says that across the state, $95 billion was gambled (turned over) in electronic gaming machines (EGM) in pubs and clubs in the year ending 30 June 2021.  There are almost 100,000 EGM licenced to be used in NSW, with 86,747 of these currently available in gaming rooms.  From corner pubs in regional towns to large multi‐venue conglomerates of registered clubs, EGM are broadly accessible.  The Inquiry found that a significant amount of money which is put through poker machines is the proceeds of crime, or ‘dirty money’, and assesses that billions of dollars gambled in NSW in the year to 30 June 2021 was dirty money.

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: