Australian Banks Urged to Crack Down on Offshore Gambling
Entain Australia's CEO calls on Australian banks to monitor and restrict transactions linked to illegal offshore gambling platforms.Summary
Andrew Vouris, CEO of Entain Australia and New Zealand, has urged Australian banks to increase monitoring of transactions related to illegal offshore gaming platforms. He highlighted the growing number of websites targeting Australian players from jurisdictions like Curaçao and Anjouan, noting that banks aren't held to the same standards as licensed wagering providers regarding real-time transaction monitoring. Vouris praised the Australian Communications and Media Authority (ACMA) for blocking offshore operators but emphasized the need for prosecution of directors behind these sites, citing the example of 'Royal Reels Casino' which has repeatedly resurfaced with new domains. He welcomed New Zealand’s approach to online casino regulation, seeing it as a way to bring activity into a regulated environment, but believes Australia’s focus should remain on disrupting offshore operators through increased cooperation between regulators, industry, banks, and technology platforms.
(Source：Gamblingnews)