Law is not on your side.

Sportingbet looks to be following a thorough 'Know your customer' due diligence screen. Under the anti money laundering and counter terrorism financing act gambling institutions, banks etc. account are required to have an understanding of who they are servicing. Ever banked a large cheque/cash and the cashier casually asks 'sell a car did we?' - your answer would be written on down on your account as to where the money came from. The Patriot Act in the US is best known for state sanctioned torture, but it is also the equivalent of Australia's AML/CTF Act for customer due diligence.

Know your customer checks can be as basic as a 100 point ID check or can involve confidential information such as bank accounts, income sources, family and personal relationships with politically exposed persons.

The traits of a bowler account match up perfectly with the traits of someone else using your account for money laundering -> deposits going through multiple bank accounts, different IP addresses being used, inconsistent betting patterns. It looks for suspect for you  BJT, but you look just as suspect to them.

http://www.tabcorp.com.au/privacy.aspx

AML/CTF- Australian Money Laundering and Counter Terrorism Act


3. AML/CTF Act

Under the AML/CTF Act we may have to request further personal information from you 


2. Regulators

We may disclose your personal information to:

(a) regulators and law enforcement agencies; or

(b) respond to an enquiry from a government agency under State or Federal laws (e.g. about child support).

[i]If the AML/CTF Act requires us to collect information about transactions on your betting account, we may disclose that information to other betting and gambling operators, book makers and government authorities.  We will not tell you when your transactions are being monitored, or when we disclose any personal information obtained.   

If there is an obligation on us or a related body corporate to record any of your telephone calls, we may disclose those recordings as required by the AML/CTF Act, law enforcement agencies, and regulators. We will not notify you when we make those disclosures.


"HOT"

Doesn't fly.  I have used the same bank account since 2008 with them when I opened the account.  If there was an issue, the bank would have pulled me up over 250k in withdrawals from them.  Problem for them, is the account is in profit, so there is no funding of the account, apart from them.

And if my account was being monitored, it would be flagged for all deposits, from multiple betting accounts.  The amount bet with them is nothing compared with withdrawals and deposits to other companies I bet with.


The simple fact is, they are buying themselves time, as they are going to take Racing NSW to court IMO.  This is a simple ploy to get people to give up the fight.  I don't need to prove I can afford to bet what I bet when the account is funded by them.

And as thebas points out, if it was a concern for people betting what they can't afford, they would have to target their whole customer base, as that is their whole business model.

Puts in 10...takes out 8...puts in 10 takes out 8.......puts in 10 takes out 8......Can hear the laundry washing machine .....puts in 10 takes out 8

ding ding ding!!!

unclee:

The short of it is - CTF/AML is pretty serious stuff

Easy to look up the Act

And every cent that has gone in and come out has done so via a bank account with one of the 4 big banks.  There is no cash deposits, no online wallets, nothing at all to warrant suspicion.

Simple case of delay, get customers to fcuk off, and rort the masses.  Business as usual for them while they set up their court case to challenge the decision of Racing NSW.

At the end of the day Sportingbet isn't in the business of entering into losing trades. The whole RNSW thing looks just like V'landys love for telling waging operators to "change their business model" a la Betfair and the turnover tax

Couldn't agree more BJT.