After 16 years governments dithering, Attorney-General Mark Dreyfus is moving to introduce Tranche 2 of Australia’s money-laundering laws, finally tackling the powerful lawyer, accounting and property lobbyists. Nathan Lynch reports.
Tag: Laundering
But the invention of offshore finance by bankers in London and Switzerland in the 1950s changed that, he says.
“You didn’t need to put money in a hole in the ground any more, you could steal it, stash it, and then miraculously they liberated it, they set it free — and then you could spend it,” Bullough says.
Now, the super-rich grow nest eggs and siphon funds into offshore tax havens, and corruption inflicts damage on political and democratic institutions across the world.
The footage begins showing the machine spinning at its ordinary speed, which appears to be the legislated maximum rate of one spin every 2.14 seconds that applies elsewhere in Victoria.
But by inserting a Crown Rewards loyalty card — a card able to be obtained by anyone over the age of 18 — the machine can spin more than twice every second and enable what is effectively non-stop play.
The card requires punters to set a time and a loss limit, although critics say these limits can be set extremely high and are not enforced.
“Poker machines, already dangerous products, are being turbo-charged with the knowledge and consent of this government,” said Charles Livingstone, a gambling researcher with Monash University’s school of public health.
via Crown Casino’s pokies deal ‘turbo-charged’ 1000 of its machines
The wife of a suspected Chinese-Australian money launderer who allegedly turned over more than $850 million at Crown Casino has failed in her bid to access a Californian luxury home held under proceeds of crime laws.
Source: Suspected Chinese-Australian money launderer gambled ‘astronomical’ $850m at Crown Casino
Anyone closely following the Panama Papers story, is familiar with the role that Rothschild plays in providing similar services right inside the US.
Source: Here’s the Rothschild Guide to Laundering Money in America
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