If ever there was an business that may fail to outlive acceptable scrutiny, it was going to be Australia’s playing business. It has lengthy supplied an unsupervised channel for organised crime to facilitate money-laundering. Whereas the proposed modifications at Crown and its casinos are an excellent first step, there has by no means been a greater time to comply with the cash.
In case you do, you’ll inevitably find yourself at a registered membership. From 2011 to 2019, I labored at ClubsNSW, first as a compliance auditor however from 2014 I took on the extra function of supervisor of anti-money laundering and counter-terrorism financing. I used to be to assist golf equipment meet their legislative compliance obligations and group expectations. That might contain delivering coaching classes to 100-plus workers, decoding gray areas within the laws and representing ClubsNSW on the working group with AUSTRAC, the federal physique that traces unlawful monetary transactions.
It rapidly grew to become obvious that I wasn’t meant to do my job correctly. The roadblocks have been quick and lots. The business didn’t need somebody in my function to be too thorough. It wished window-dressing. It wished the looks of compliance whereas its machines continued to simply accept soiled cash. I used to be the one particular person at ClubsNSW certified for that function however, since I resigned, the place hasn’t been stuffed.
Digital gaming machines are an ideal automobile to facilitate the cleansing of illicit funds. I grew to become alarmed, when studying Australian Prison Intelligence Fee experiences and different journals, to find how deeply entrenched that legal exercise was in golf equipment.