The financial crime watchdog will target the estimated $70 billion fed into poker machines in NSW clubs each year, in its latest salvo designed to crack down on the laundering of dirty money in the gambling industry.
Three in four of the almost 90,000 pokies in NSW are in clubs, many of which are “massive” and rival Sydney’s Star casino, new AUSTRAC chief executive Brendan Thomas said.
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Ronald Mizen is the Financial Review’s political correspondent, reporting from the press gallery at Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com
