New laws target criminals using casino chips - Saturday 12th of March 2005

CRIMINALS will be unable to use casino chips as currency under laws to be introduced by the NSW government.
Police Minister Carl Scully said today police would be given new powers to prosecute people found outside casinos with large denominations of gaming chips and without a legitimate purpose.

 

The laws are expected to be introduced within the next few months to end the use by criminals of gaming chips to finance drug trafficking and launder large amounts of money.

 

"Police success in confiscating money and assets gained through crime has forced organised criminals to find other ways to conceal their unlawful behaviour," Mr Scully said.

 

"This has led to casino chips being used as a currency for buying drugs and laundering money."

 


The most valuable casino chips in Australia are worth $10,000 while plaques ??? available in high-roller rooms ??? are available in denominations up to $1 million.

 

Mr Scully said the laws were aimed at criminals and casino patrons with small denominations of chips would not be targeted.

 

In September, two Thai nationals were arrested on arrival in Australia with $75,000 in casino chips hidden in their luggage, he said.

Other news from around the same time

Jackpot: Local casinos hit record profits - Saturday 12th of March 2005

February combined revenues cracked all previous records set by the five Northwest Indiana casinos, c....


The Dark Side Of Gambling - Saturday 12th of March 2005

Frankie Suarez knows that had things worked out differently, she'd be comfortably retired now and fi....


Online poker defeated - Saturday 12th of March 2005

Sens. Connie Triplett, D-Grand Forks, John Syverson, R-Fargo, and Jack Traynor, R-Devils Lake, backe....


Cruise line rolls dice on new gambling ship - Saturday 12th of March 2005

But the floating casino may have an ace up its sleeve: older people.A slightly smaller version of th....


When It Comes to Online Casinos, Never Say Never - Saturday 12th of March 2005

Recent murmurs about online casino operations opening up in the US indicate that the impossible may ....


Online Gambling Site Casino Fortune Chips in for Tsunami Relief - Saturday 12th of March 2005

Online gambling site CasinoFortune.com recently contributed 40 fishing boats to benefit Sri Lanka's ....


DOJ Warns North Dakota - Saturday 12th of March 2005

The U.S. Department of Justice sent a letter to the attorney general of North Dakota last week stati....


Nautica Charity Poker Festivals Bring Texas Hold 'Em to Cleveland This Summer - Saturday 12th of March 2005

Plans are underway for a series of weekly Charity Festivals that will bring poker, including Texas H....


Online Bookmakers Unanimous Over Anwar Robinson - Saturday 12th of March 2005

But American Idol Contestants Bice and Turner Making Headway American Idol may enjoy huge ratin....


World Poker Exchange Boasts Matt Savage and Exclusive as Part of London Open - Saturday 12th of March 2005

World Poker Exchange has engaged poker legend Matt Savage as tournament director of the Aug. 3-6 Lon....