Bill
Anti-Money Laundering and Counter-Terrorism Financing Amendment (Making Gambling Businesses Accountable) Bill 2022
lapsed, as at 2023-03-20.
- Sponsor
- Andrew Wilkie
- Portfolio
- Not recorded
Recorded stages
- introduced — 2022-09-05
- second reading — 2022-09-05
- other — 2023-03-20
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 2022-09-05.
This bill is part of a package that would make gambling entities more accountable and stop them profiting from illegal behaviour.
It would require gambling companies to tell AUSTRAC if they suspect a customer paid for a gambling service with illegally obtained money.
The Federal Court could order a gambling company to compensate a victim for loss or damage when a bettor used illegally obtained funds.
- Gambling companies must report suspicious payments to AUSTRAC.
- The Federal Court can order compensation from gambling companies to injured parties.
- Gambling entities are prevented from profiting from illegal behaviour.
Gambling companies, bettors, and victims of illegal fund use are affected.
Sources
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