Australia
AUSTRAC Announces its 2024 Regulatory Priorities
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has disclosed its regulatory roadmap for next year, focusing on money laundering, terrorism financing and serious crimes.
The strategic priorities centre on enhancing business resilience to these risks, particularly in sectors prone to higher threats such as banking, gambling and remittance. It will also focus on digital currency exchanges (DCEs), payment platforms, bullion, and non-bank lenders and financiers.
The regulatory priorities for inspections will include senior management oversight around culture and risk management practices, effective transaction monitoring and managing outsourcing arrangements.
Peter Soros, AUSTRACās acting CEO, said a key aspect of the agencyās regulatory work is identifying areas for improvement early to prevent problems from becoming systemic.
He said: āThese priorities signal our ongoing intent to work with businesses to embed a culture of vigilance, ensuring everyone at every level is aware of the threat of financial abuse and criminal exploitation.
āCriminals target businesses with weak anti-money laundering settings, which is why AUSTRACās regulation, through education and supervision, is crucial to safeguarding Australiaās communities and financial systems from financial harm.
āAlthough todayās announcement calls out certain sectors, all industries sectors should expect interaction and engagement from AUSTRAC.ā
Australia
IAGās Andrew W Scott Announced as Latest Conference Chair for 2025 Regulating the Game Conference in Sydney
Leading gambling law and regulation conference Regulating the Game has announced IAGās Vice Chairman and CEO Andrew W Scott as the second Conference Chair for its 2025 edition, to be held in Sydney from 10 to 13 March 2025.
With extensive expertise in the gaming sector, Andrew brings a wealth of knowledge and insight to the conference, guiding discussions and engaging participants in critical industry topics.
His career in the gaming industry spans nearly four decades, during which he has established himself as a media publisher, commentator, and journalist. He founded Macau gaming media and events company O MEDIA in 2009, of which Inside Asian Gaming is the flagship publication.
On 7 October 2024 at Global Gaming Expo (G2E) in Las Vegas, Inside Asian Gaming and US-based gaming publication CDC Gaming announced a merger expected to complete on 31 December 2024. From 1 January 2025 the two companies will combine under a newly founded corporate parent, Complete Media Group, with Andrew at the helm as CEO. The newly merged group will cover the gaming industry in the Middle East, all of Asia, Australia and New Zealand, the Pacific, the US, Canada and Latin America.
Andrew has led numerous social and professional industry events including the Asian Gaming Power 50 Black Tie Gala Dinner, the IAG Academy Summit and the IAG Academy IR Awards.
Expressing his enthusiasm for the role, Andrew said: āIām delighted to chair a day at the Regulating the Game Conference. This event is a crucial platform for advancing important conversations in the gaming industry, particularly in the Australia and New Zealand markets, and I look forward to contributing to discussions that shape the future of regulation and innovation.ā
Paul Newson, Principal at Vanguard Overwatch, added: āWe are thrilled to have Andrew join us as a Conference Chair. His vast industry experience and global perspective will be invaluable in fostering insightful discussions at the 2025 conference.ā
The Regulating the Game conference is a flagship event that aims to bridge the gap between regulators, industry professionals and stakeholders. The conference is dedicated to introducing expert content, inspiring discussion and debate about policy and sector issues, and driving innovation to support efficient and effective gambling regulation. Now in its fifth edition, Regulating the Game continues to attract speakers and attendees from around the world, solidifying its status as a pivotal event for those shaping the future of the industry.
Australia
Crown Fined $2 Million for Self-exclusion Breaches
The Victorian Gambling and Casino Control Commission (VGCCC) has fined Crown Melbourne $2 million for allowing 242 people who had self-excluded from gambling to place bets at the casino over an 8-month period between October 2023 and May 2024.
VGCCC Chair Fran Thorn said: āIt is an offence under the Casino Control Act 1991 (Vic) to allow an excluded person, including anyone who has self-excluded, to enter, remain or gamble in the casino. It also contravenes Crown Melbourneās obligation to protect people at risk of gambling harm.
āThose who self-exclude must be able to trust that gambling providers will take all reasonable steps to enforce their decision to avail themselves of this harm prevention initiative.
āBy allowing people who have self-excluded to enter the casino and gamble, Crown has put them at risk of experiencing further gambling harm. However, it is also clear that a number of these self-excluded patrons are going to considerable lengths to avoid detection and break their exclusion requirements.ā
The self-exclusion breaches were detected through VGCCCās ongoing monitoring of the casinoās operations. The Commission determined the breaches were due to system and control failures rather than deliberate or egregious disregard by Crown of its regulatory obligations.
āAccordingly, the Commission has issued a direction to Crown to engage an independent expert to assess the effectiveness of, and make recommendations for improving, the management of its self-exclusion program. In due course, Crown will be required to implement the independent expertās recommendations,ā Ms Thorn said.
In April this year, the Commission directed Crown Melbourne to implement a transformation plan to continue its reform and remediation following the findings of the Finkelstein Royal Commission.
The Commission acknowledges Crown has taken some steps to strengthen its controls for policing exclusion orders, and introduced measures to improve its monitoring activities, physical security, use of technology and training of staff.
āThe VGCCC is committed to ensuring Crown continues its reform efforts,ā Ms Thorn said.
Australia
Jamieson OāReilly to Deliver Keynote at Regulating the Game 2025 Sydney
The organisers of Regulating the Game 2025 have announced that Jamieson OāReilly, CEO and Lead Hacker at Dvuln, will deliver a keynote titled āOceans 11 Downunder: How I Hacked Australiaās Two Biggest Casinos (Legally)ā at the 2025 edition of the conference in Sydney.
The organisers said: āIn this eye-opening keynote, Jamieson will take attendees behind the scenes of how he legally hacked into two of Australiaās largest casinos, uncovering serious vulnerabilities in their digital infrastructure. Casinos are known for their robust security measures, but as they increasingly rely on interconnected systems and digital processes, new vulnerabilities emerge that even the most fortified establishments must contend with.ā
Mr OāReilly added: āWhen most people think of a casino, they think of high security, underground vaults, and an overall intimidating complexity. But with great complexity comes great security consequences. Itās easy to think of a casino as one big money-making machine. But the reality is, under the hood, casinos are run by many individual moving parts, all relying on each other equally to function.ā
OāReillyās talk will delve into the specific techniques he used to breach these casinosā defences, exposing weaknesses in their systems, surveillance networks, customer databases and backend operations. Although both casinos have since patched the vulnerabilities, Jamiesonās experience highlights the broader challenges facing the gaming industry in the digital age, where the expanding attack surface presents real risks.
Paul Newson, event organiser and Principal at Vanguard Overwatch, said: āWith his incredible experience in ethical hacking and cybersecurity, Jamiesonās keynote is set to be a highly anticipated session of the conference. His revelations about how he legally breached the security of two major casinos provide crucial lessons for the entire gambling sector.
āAs the industry becomes more digitally interconnected, understanding the risks and learning how to defend against cyber threats is more important than ever.ā
As a leader in offensive security, he has conducted countless red team exercises and adversary simulations against some of the hardest targets in the world, from banks and casinos to government agencies, to test their resilience against Advanced Persistent Threats (APTs).
His expertise helps organisations uncover critical vulnerabilities and build robust defences against highly skilled attackers.
Jamieson is a member of the CREST Approved Australasia Council, underscoring his leadership in the cybersecurity community in addition to this, Jamieson is also a co-author of the post-quantum encryption specification PPQM, demonstrating his knowledge in advanced cryptography and defensive security.
His keynote will not only offer an insiderās view into casino security vulnerabilities but will also provide practical insights into how businesses can strengthen their defences against ever-evolving digital threats. The session is essential for anyone in the gaming sector looking to safeguard their digital infrastructure in a connected world where no system is truly secure.
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