Anti-Money Laundering and Counter-Terrorism Financing Amendment (Making Gambling Businesses Accountable) 2022

# Anti-Money Laundering and Counter-Terrorism Financing Amendment (Making Gambling Businesses Accountable) Bill 2022 ## What it does Gambling businesses will be required to refuse service to anyone they suspect is paying with stolen money. The bill adds gambling venues, online casinos, and betting services to Australia's existing anti-money laundering laws, closing a gap where these businesses weren't explicitly covered. ## Why it matters Criminals use gambling to "clean" stolen money by converting it into winnings that look legitimate. This bill forces gambling operators to act as a frontline defence against money laundering and terrorism financing, potentially disrupting a common money-laundering pathway. ## Key details - **The suspicion test**: Gambling businesses must refuse service if they have "reasonable grounds to suspect" a customer will pay with stolen property—they don't need proof, just legitimate concern. - **Who's affected**: All gambling service providers (pubs, clubs, casinos, online betting sites) become reporting entities under the law. - **Comes into effect**: The day after Parliament passes it and the Governor-General gives final approval (Royal Assent).