Day: 27 October 2020

New Gambling Amendment Bill Seeks to Hold Gambling Firms Liable for Accepting Stolen Money

Tue 27 Oct 2020 10.00 Daniel Williams
New Gambling Amendment Bill Seeks to Hold Gambling Firms Liable for Accepting Stolen Money

A 41-year-old ex-financial planner, who allegedly misappropriated a total of AU$8.4 million from the investment accounts of 33 of his clients, has backed the gambling reform bill of Andrew Wilkie that is seeking to make companies take responsibility for stolen money. The entire amount has been lost, as Gavin Fineff gambled it away by placing some massive bets with some of the most popular Australian gambling operators. The beginning of the week saw Mr Fineff join the Independent Tasmanian Member of Parliament and long-time anti-gambling advocate Andrew Wilkie in a…

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NatWest Bank Unveils Gambling Ban Feature for Debit Card Transactions and 48-Hour “Cool-Off” Period

Tue 27 Oct 2020 6.02 Olivia Cole
NatWest Bank Unveils Gambling Ban Feature for Debit Card Transactions and 48-Hour “Cool-Off” Period

One of the major retail and commercial banks in the UK, National Westminster Bank (NatWest), unveiled a gambling ban option on the use of debit cards that would provide the bank’s customers who may be problem gamblers with a “cooling-off” period of 48 hours before they are able to make such payments again. The new feature is part of the bank’s efforts to help customers who could suffer from gambling addictions to better control their spending on gambling services. As mentioned above, NatWest customers will be forced to wait 48…

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