00:00Well the CEO of Next Payments, a privately owned ATM company which is backed by the Macquarie
00:08Bank Group said that he was unaware of the extent of these issues until that ABC investigation.
00:15That investigation revealed that these ATMs were fuelling the at times violent illegal
00:20tobacco trade and they were doing this as the outlets were pushing their customers to
00:25pay with cash when they were purchasing contraband products directing them to in-store ATMs to
00:32withdraw cash instead of using card. Experts say that this could facilitate money laundering and
00:39also tax avoidance as well as a result of that ABC investigation around 40 ATMs will now be removed.
00:48That ABC story also revealed that Next Payments continued to supply an ATM
00:54to a convicted criminal despite them being found guilty of the illegal possession of tobacco
01:00which was in cat food packages. The illicit tobacco trade across the country is booming given the
01:07rising taxes on the products. To give you some insight around 20 illegal cigarettes can cost
01:13around $8 but the commonwealth duties alone from reputable providers is around $28.
01:20The CEO of Next Payments said that the ABC story really exposed how fast spread this issue was and stated
01:30that if these stores would continue to supply illegal products they would not continue to service them.
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