NSW poker machine laws may increase risk of money laundering, says crime commission

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NSW poker machine laws may increase risk of money laundering, says crime commission
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NSW Crime Commission issues paper also asks whether poker machine credit limits should be lowered

In a quietly released issues paper the commission asked whether poker machine credit limits should be “significantly reduced”.

The commission pointed to the use of the tickets to redeem money from poker machines as a potential tool for criminal activity. The commission said a person could put $5,000 from the proceeds of crime into an electronic gaming machine , place one losing bet of $5, and then redeem the ticket in cash. In the scenario, the ticket displays the “cash out amount” – but not the $5 bet.“The person repeats this process several times a week at different licensed venues,” the paper states. “If questioned by law enforcement about the source of cash in their possession, the person produces photos of their tickets.

The credit limit in NSW – the amount players can “load-up” before playing – ranges from $5,000 for newer poker machines and as much as $9,999 in older machines.

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