Brodie

The NZ TAB to my mind is clearly in breach of the AML/CFT Act requirements in the introduction from the 1/8/2019 of the requirement for punters to identify themselves if they bet $1000 or collect $1000!!! This is clearly a breach of the act and contravenes the requirement as defined in the AML/CFT of needing to be $10,000 cash and $1000 by way of an international transfer! The NZ TAB needs to come on here and news media and clearly define why they wish to subject the NZ punters to a tenth of the necessary requirement as defined in the act??? I have always stated that it has nothing to do with money laundering but all to do with their wanting of total control of the wagering of punters! I await with baited breath as to the TABs reply, and hopefully they will change their mind as to the policy they have just brought in to stuff the industry further! Hopefully they will see sense and amend the requirement to what the requirement is supposed to be!!!!

What does the Board have to do to comply with the AML/CFT Act? Initially, you’ll have to: designate someone in your business as an AML/CFT compliance officer assess and document the money laundering and terrorism financing risks your business may face establish an AML/CFT compliance programme setting out how you’ll detect and manage these risks. On an ongoing basis, you’ll have to: verify the identity of customers before providing any service covered by the AML/CFT Act. In some circumstances (such as if they represent a company or trust), you may also need to ask for information about where money came from and the other people involved. For more information about verifying customers’ identities, see: Information for customers about anti-money laundering laws submit a Prescribed Transaction Report to the Police Financial Intelligence Unit (FIU) if a client wants to conduct a transaction in cash that is $10,000 or more, or an international wire transfer of $1000 or more So clearly the NZ TAB clearly sees fit that they want to go even further to so called PROTECT us all from something by not going by the Anti Laundering Money regulations and submit the punters to only $1k rather than the $10k. As Brodie has always maintained, this punters card has nothing to do with money laundering whatsoever, pure and simple CONTROL! They deserve to be boycotted until they come out and apologise and play by what the AML states!!

Harness4All, is totally correct in what he says about the $10,000 cash and $1000 for international orders, well done to him/her! What the Nz TAB has introduced is radically over the top for what the prescribed requirements for anti money laundering, and how anyone can defend this over the top policy is hard to believe. Someone spends a couple of dollars and wins a trifecta and the collect is over $1k and the NZ TAB thinks this could well be money laundering?? WTF, you have to be kidding???? This is an intrusion into punters privacy and should not be tolerated, as they have introduced a policy that contravenes the regulations required by the government. We should not be accepting this BS and show the TAB that what they have introduced is nothing more than wanting to control everyone, and show this by telling them to get stuffed and stop betting with them, until they withdraw their policy and amend it to what the law actually says!!!!

Thankyou for that. Anyone with half a brain can work out that is is nothing to do with money laundering at all. The TAB brainstrust want total control of who is putting money on with them and who is collecting the larger sums so that they can restrict them. Punters are not being given a fair go at all here, and it will backfire on them greatly, which is good. Some decisions that the TAB bosses have made over the past few years are less than average, and I know from personal experience that they do not play fair, and treat punters differently. As I say, I am not prepared to play their stupid little games anymore. They will say that is great for them, it will affect them more than myself as the bigger wagering punters will tell them to get stuffed!

Hope you not being rude Booby? Originally was meant to stand for double posting!

Not too sure whether you think you are being funny or not? What point are you trying to make to say that Brodie is not on the money and you are?????

Tonka, I reiterate , I do not tell porkies!! And you are Incorrect, I would’ve been effected by it. Not elaborating on that for obvious reasons! Anyway, I wont be giving over any Punters Card or Pass to any TAB agency!!

What I have stated many times the blanket policy is BS, as if someone who collects $1k has had a bet so that he can collect over $1k and he could be doing this to launder money. It is another totally unthought of policy that has a detrimental affect on racing in NZ without doubt. You can defend it to the cows come home, but any punter in NZ that bets larger amounts and is currently restricted is going to have serious thoughts about whether they are going to continue to wager. I can tell you now, the TAB will now have even more control over the punters. They will be able to monitor everything and for me I am not going to be furthered controlled. OK, the TAB may well say yay, however I am not going to be the only one that will give it away. I will still watch the racing, but as to investing, not worth my while as I will be even more controlled by this new BS policy. The TAB agencies around NZ will suffer as a consequence of this and ultimately there are going to be bugerall standalone TAB agencies left in the next couple of years as they become uneconomic. Most betting will be done on account by computer or phone which is how the TAB can control easier.

That’s when they get The ID and if the TAB wants to do something about it then it is up to them! To make a blanket policy of getting ID etc. from everyone who is a genuine punter is just blatant BS! If it is now policy that the TAB is given punters names and they know how much is being transacted, they must not think it is a breach of the Privacy Act! That being the case, why doesn’t the TAB now put it over the TV who and how much everyone is punting for the big bets! Tom Brown has put $10k on Raphoe to win!

Firstly, why should,you have to produce ID for collecting $1k when you have had a bet in good faith. Havent got a problem if the TAB staff questions someone who they think could be money laundering, however a genuine punter like myself that TAB staff know, should not have produce ID and tell Big Brother what they are collecting or spending everytime!!!!! Nothing to hide at all, just don’t want to tell the TAB how much I am collecting or spending as it is hard enough to get money on already!!! Don’t think I am that stupid, not paranoid just don’t like the TABs business practice and many agree with me! Have too much money? Let’s just say I don’t need punting to live very comfortably, and I don’t launder money!

You what? May not affect you, but for the ones that it is does, there is a problem. Someone collects a $1000 trifecta on Cup day and they have to prove who they are, when they only bet once a year, and it is called money laundering? TABs don’t give cheque’s much at all from what I see, betting vouchers or into an account! it is the way of the world that you have to produce ID for legitimately collecting $1k or putting on $1k!!!!!!! If you think that putting $1k on the TAB or collecting $1k is money laundering then you seriously have a problem identifying what a lot of money is, in this day and age. If the TAB agency staff think there is a chance that a punter is laundering money then they should point this out to BIG BROTHER and get some ID! The fact that a punter is a bigger punter than someone else means that they need to identify themselves to the TAB and Big Brother every damned bet and collect is just downright BS! I am not going to play their total control game, and I don’t have to fortunately. I know it is going to backfire on the TAB and I hope the punters that remain with the TAB take them to the cleaners! When I hear that the TAB take bets from people for $10k and that is ok with them, and others get on eff all and now this, it is blatant BS. It will come back to bite them on the xxxxxxx

Cobber? Only free if you bother to get one COBBER!! Of course it is free if you get one, and off course you get the full amount, that is not the issue Cobber! The TAB have stated that they are doing it to PROTECT US!! From what I ask you? The fact is that they state that it is to try and stop money laundering which is absolute BS! It is about control of the punter as $1000 collect is not damn money laundering. Watch as the bigger punters desert them!

So you believe that punters who put on the larger amounts are going to continue to punt when they have to produce a punters card everytime they collect or place a bet? Anyway I won’t as all they will do is restrict us to pathetic amounts when they are aware who the punters are? Absolute BS!!

Let’s wait and see Ranga

Probably isn’t Greg. Common Sense is stronger. Do I need to punt? no Should people that collect $1k have to disclose who they are to the TAB and Government? No Am I going to? No

Not robbing anything at all Ranga. TAB is a betting agency that should take the good with the bad for them! Anyway this new PUNTERS CARD is going to make it not worth many punters while, so watch the turnover drop, And never to return! Why on earth should we be telling Big Brother what we collect or put on? blatant breach of the Privacy Act!

Definitely a helluva lot of things that are unfair and many injustices in regards to many parts of racing in NZ. Does anyone want me to label these? I thought not!!

Too true What you have said! Everyone knows that it is not a level playing field and there is absolutely no way that one stable can dominate the way it does for so long, without doing things differently or using something that gives them an advantage over all the others. To say that it is just to do with being more professional is just a load of bollocks! Harness Racing In NZ is haemorrhaging hugely at the moment for several reasons and will continue to do so while there is so much domination by one stable, and policies that the TAB are enforcing! Will be very interesting what actually happens in regards to the rules of this Blood Spinning.

Wasn’t aware you were still on it Newmarket.

Ranga, I was saying that the Blood Doping I mean Spinning, be banned!,,

Yes, the horse has been a pig from a stand many times especially down south. The horse was standing ok, and then a starters assistant came and grabbed hold of the horse basically the same time as the field was let go. The starters assistant didn’t appear to show any urgency to get Crusher Collins to go. Will be interesting the Stipes Report

Haven’t seen it race yet, but did certainly look sore in the straight at Addington on Friday night! They breed them tough down south!,

Stands for “don’t punt” Globe. TAB loves you!

And ability to get a reasonable amount of money on without being restricted to pathetic amounts!!!! Also, not having to identify ourselves to the TAB and Government, as we all know who we are!!!!!

Good on the TAB for paying out on the Warriors, but does seem pretty weird. There have been a helluva lot worse decisions made and injustices than the Warriors decision. Week in and week out there are bad decisions from referees that cost teams wins, so are they now going to start paying out on these as well? Horse doesn’t get a run, full of running and runs 4th, pay out the place divvie please? Anyway, only a few more sleeps and we have to present our PUNTERS CARD, that the TAB states that it is to PROTECT US ALL!!! BOLLACKS!,