Both killers were granted lifelong anonymity once they were released from custody and while Thompson has never been heard of again, Venables, now 36, has had a number of different IDs after being outed by members of the public since his conviction.
He has also been in and out of prison on child porn charges, and has had legal fights to keep his identity secret.
British officials now allegedly plan to move Venables to the other side of the world to start a new life – and the taxpayer will foot the bill.
Canada is said to be the most likely destination but Australia and New Zealand are also options - news which has annoyed Australians.
Australians have taken to Twitter to express their anger at the possibility of the killer being relocated 'Down Under'.
"Child killer #JonVenables, who murdered 2yo #JamesBulger in 1993, could be sent to Australia to start a new life?! How come we've heard nothing from @PeterDutton_MP regarding this? #immigration #auspol" tweeted one man from Sydney.
"Shouldn't be sent anywhere except prison," said another.
And Brits are equally as annoyed, with many taking to social media to express their anger.
"Incredible! We taxpayers get no say in lifetime funding for scum like #JonVenables" said one lady from West Sussex.