Ross Meurant: Banks Have a Liability - KYC

A financial planner defrauded almost $4.5 million from his former partner, cousins and primary school friends to fund a “voracious” gambling addiction that betting companies fed with free tickets, client managers and reminders to his phone.

This happened in Australia.(1)

Centrist: Sinking lids and rising profits: New Zealand’s pokie machine dilemma

Despite stricter regulations and fewer pokie machines in New Zealand, these devices still generate over $1 billion annually.

Councils like Porirua have implemented “sinking lid” policies, which are meant to reduce machine numbers over time. Yet, critics say the profits and the social costs remain high.