What is the latest information on efforts to stop casino chips from being used to launder money?
Mr CARL SCULLY: Honourable members would be aware that if individuals are found with large sums of money and are not able to adequately explain how they came into possession of that money, that money can be deemed to be the proceeds of crime, and confiscated. If someone is found with drugs and a large amount of cash, obviously both the drugs and the cash can be confiscated. Career criminals are always looking to find loopholes in the law. Some criminals have started using casino chips as currency to purchase and trade drugs. Mr SPEAKER: Order! The honourable member for Illawarra will come to order. Mr CARL SCULLY: I will give a couple of examples. Recently two Thai nationals were intercepted on their arrival in Australia and were found to be in possession of $75,000 worth of chips from Melbourne’s Crown Casino. In December last year police executed a search warrant on the New South Wales home of a criminal where more than 400 grams of heroin, $90,000 in cash and $20,000 in casino chips
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