Day: 30 November 2020

Ulster Bank Follows NatWest’s Suite to Implement 48-Hour Block for Gambling Transactions via Debit Card

Mon 30 Nov 2020 10.07 Olivia Cole
Ulster Bank Follows NatWest’s Suite to Implement 48-Hour Block for Gambling Transactions via Debit Card

Ulster Bank, one of the traditional Big Four Irish clearing banks, has resumed its commitment to Financial Capability by announcing a 48-hour delay gambling suspension on debit card use. The move is the latest in a series of measures unveiled by the bank to improve the financial capability of its customers. As Ulster Bank has revealed, the feature is effective for both physical and virtual debit cards and has been unveiled as the newest initiative of the Irish bank to tackle gambling-related harm that could be inflicted to customers. In…

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Money Laundering Has Been Taking Place in Venues Offering Poker Machines in NSW

Mon 30 Nov 2020 6.04 Daniel Williams
Money Laundering Has Been Taking Place in Venues Offering Poker Machines in NSW

Experts have revealed that some money laundering during the five months of coronavirus restrictions ended up with a massive AU$305-million increase in the profits generated by so-called pokies in Australia. According to the latest figures provided by the Liquor and Gaming regulatory body in the state of New South Wales (NSW), poker machine profits rose by more than 10% in comparison to the ones generated over the same period a year earlier, although in 2020 there were many restrictions imposed on local clubs and pubs, including a lockdown. In the…

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