Gambling has always been a tightly regulated business, especially in countries where organized crime is a big problem. Australia is one of those countries that have strict rules regarding online casinos. Online pokies have gained popularity in Australia and despite the regulations and legal restrictions, there are casinos that still manage to look legitimate by using creative means of getting certification from some really dubious countries. There are online casinos that accept Australian players and others that don’t.
A lot of online casino operators find the gambling laws confusing. According to Australian law, Australians cannot play for money at an online casino licensed in Australia. There are many casinos licensed in the country but what good would they be to Australians themselves if they couldn’t use them for the purpose they were created for. The Australian based licensed casinos can offer casino games to people outside of Australia. It sounds like the government didn’t know how o structure the preambles and that they were placing their hopes on those establishments who really had no idea what they were actually doing like EmuCasino seemed to be doing when it recently came under government investigation for shady practices. It turned out that the person named as the owner was not the real owner but a seemingly clueless Gold Coast hairdresser.
Apparently, anyone can register a company in Panama, operate a gambling business over the internet with a licensed from some small Caribbean country, list its operational headquarters in Malta and claim that customers are subject to Maltese law that most people don’t stop to look up. The kicker is: this non-existing company turns out to actually exist somewhere in Sydney. Anyone who has to resort to such elaborate measures has a lot to hide.
What EmuCasino did is standard practice in the online gambling world because of governments stamping down on money laundering, fraud and aiding criminal elements in moving their money around or stashing it in strange countries that are known tax havens like Panama, Curacao, Vanuatu and Malta. In fact, there are so many “Maltese” licensed or certified online casinos. If you ever wondered why Malta was so small yet so rich, now you know that doing business in Malta is so easy people are tripping over themselves to get a business license.
Even though countries like America have enforced regulations to dissuade offshore casinos from luring Americans to their sites, some people still manage to run illegal online casinos from within the borders. In July 2015, a group that owned online casinos like Ruby royal Casino, Win Palace Casino, Golden Cherry, Slots Jungle and about ten more were arrested on 40 charges including money laundering, theft, securities fraud identity fraud and hacking JPMorgan.
The EmuCasino case has brought to the fore how serious regulators need to be and how clear they need to communicate their intent to stop online gaming from being used for nefarious reasons. What is more shocking is that moving money is as easy as using the Australian Postal subsidiary POLi payments and even MasterCard and Visa products. The lesson in this is that you need to be careful when you sign up to anyAustralian online casino. You could be handing crooks your personal information and money that could later be used to do harm.
The lesson in this is that you need to be careful when you sign up to anyAustralian online casino. You could be handing crooks your personal information and money that could later be used to do harm.
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