Bill
Anti-Money Laundering and Counter-Terrorism Financing Amendment (Making Gambling Businesses Accountable) Bill 2020
lapsed, as at 2021-05-25. (s) WILKIE, Andrew, MP portfolio.
- Sponsor
- Andrew Wilkie
- Portfolio
- (s) WILKIE, Andrew, MP
Recorded stages
- introduced — 2020-10-26
- second reading — 2020-10-26
- other — 2021-05-25
Divisions
No divisions recorded. Most questions are decided on the voices; this does not establish that a bill was unopposed.
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2020-10-26.
This bill would make gambling businesses report to AUSTRAC if they suspect a customer is using illegally obtained money to gamble.
It would also let the Federal Court order gambling companies to compensate victims when a bettor used illegal funds to pay for gambling services.
The bill would amend relevant legislation to impose a positive obligation on gambling entities and prevent them profiting from illegal behaviour.
- Gambling companies must report suspicious payments to AUSTRAC.
- The Federal Court can order gambling companies to compensate injured parties for losses from illegal funds.
- Gambling entities are prevented from profiting from illegal behaviour.
Gambling businesses and companies that provide gambling services.
Sources
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