{"id":11220,"date":"2020-10-26T22:23:14","date_gmt":"2020-10-26T22:23:14","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=11220"},"modified":"2026-04-24T00:39:21","modified_gmt":"2026-04-24T03:39:21","slug":"australia-considers-bill-on-bets-with-stolen-money","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/australia-considers-bill-on-bets-with-stolen-money","title":{"rendered":"Australia considers bill on bets with stolen money"},"content":{"rendered":"\n

The bill could force casinos to compensate victims of gambling fraud when a patron is found guilty of having placed bets with stolen funds.\u00a0\u00a0<\/p>\n\n\n\n\n\n\n\n

Australia.-\u00a0Independent member of Parliament Andrew Wilkie has introduced a bill that aims to make casinos liable for taking bets made with stolen money.\u00a0\u00a0<\/p>\n\n\n\n

The bill entitled Making Gambling Businesses Accountable was introduced into the Federal Parliament stipulates that if a patron is found guilty of gambling with stolen property, the gambling operator should compensate the victim of the original crime.\u00a0\u00a0<\/p>\n\n\n\n

If passed, it would be added as an amendment to Australia\u2019s Anti-Money Laundering and Counter-Terrorism Financing Act.\u00a0\u00a0<\/p>\n\n\n\n

Wilkie is backed by\u00a0the former financial adviser Gavin\u00a0Fineff, who is known in Australia for having stolen AU$8.4 million (US$5.6 million) from his clients to gamble. They are now jointly calling\u00a0for laws to force gambling companies to return stolen money to its original owner.\u00a0<\/p>\n\n\n\n

According to Wilkie, the move would\u00a0“prevent gambling companies from profiting from stolen money and enables the Federal Court to order a gambling company to return stolen money to victims.\u201d\u00a0<\/p>\n\n\n\n

The MP wrote on his Twitter account: \u201cThis bill targets the unconscionable conduct of gambling companies, to ensure that all money they receive from gamblers has not been obtained at the misfortune of innocent parties.<\/p>\n\n\n\n

\u201cThe gambling companies were not innocent\u00a0here;\u00a0they engaged in predatory behaviour to keep Gavin gambling and dragged their feet on questioning where the millions were coming from.\u201d\u00a0<\/p>\n\n\n\n

He claims that reducing gambling harm<\/a><\/em><\/strong> in Australia must also mean finding a solution for innocent victims of gambling fraud.<\/p>\n\n\n\n

He said: \u201cWe must have a mechanism in place to repair the damage that results from gambling addiction and protect the innocent. If you buy a stolen car you have to give it back. The same should go for gambling companies returning stolen cash.\u201d\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

The bill could force casinos to compensate victims of gambling fraud when a patron is found guilty of having placed bets with stolen funds.\u00a0\u00a0<\/p>\n","protected":false},"author":2,"featured_media":11222,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"An independent Member of Parliament in Australia has introduced a bill aiming to make casinos liable for compensating victims of gambling fraud when patrons use stolen funds. This proposed amendment to Australia's Anti-Money Laundering and Counter-Terrorism Financing Act seeks to prevent gambling companies from profiting from illicitly obtained money and enable federal courts to mandate restitution.","focusai_entities":"Andrew Wilkie, Gavin Fineff","focusai_location":"Australia","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (1.0), payments_fraud_aml (1.0), investor_analyst (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Operator Due Diligence Impact?","query":"What specific enhancements to customer due diligence and transaction monitoring protocols would be required for Australian casino operators to mitigate liability under this proposed bill?"},{"label":"Financial Implications for Operators?","query":"What are the projected financial implications for major Australian casino groups, such as Crown Resorts or Star Entertainment Group, if this 'Making Gambling Businesses Accountable' bill is enacted?"}],"footnotes":""},"categories":[16336,154],"tags":[289,225],"class_list":["post-11220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-legislation-news","tag-australia","tag-legislation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11220","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=11220"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11220\/revisions"}],"predecessor-version":[{"id":11240,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11220\/revisions\/11240"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/11222"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=11220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=11220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=11220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}