Cashless pokies: Long-promised trial to start as money laundering risks increase

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Cashless pokies: Long-promised trial to start as money laundering risks increase
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Hundreds of pokie players will soon go cashless at the slots as part of a “digital wallet” trial | LucyCormack

Louie Douvis

“The trials will explore different technologies and solutions with the common goal of addressing harm minimisation and anti-money laundering,” he said. Credit limits in clubs and pubs in Victoria and the NT are $1000, while in Queensland and South Australia the upper limit is only $100.In a paper published this month, the commission considered whether limits should be “significantly reduced” to deter criminals seeking to exploit higher limits to conceal illicit funds.The paper canvassed a scenario in which a person inserted $5000 cash being the proceeds of crime, placing one losing bet of $5 before cashing out $4995.

The first iteration of a statewide cashless gaming scheme was proposed by Customer Service Minister Victor Dominello last year. However, that plan met fierce opposition from the industry and Coalition colleagues, including then-deputy premier John Barilaro whoThe portfolio was later stripped from Dominello during Premier Dominic Perrottet’s first major cabinet reshuffle.

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