AML/CTF ReviewsTraining for Pubs & Clubs

Over 200 leading Pubs & Clubs use RCA Group for AML/CTF Reviews & Training

Anti-Money Laundering

Independent Review

An independent review is an impartial assessment of Part A of your AML/CTF program. It checks that you’re complying with your program and that it: properly addresses your money laundering and terrorism financing risks, complies with your legal obligations, is working as it should.
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AML/CTF Review Content

  • A review of transaction monitoring processes and procedures
  • Monthly compliance training and testing results for staff
  • Interview regarding Employee Due Diligence Program
  • Anti-Money Laundering Questionnaire’
  • Internal Control Assessment
  • (CIP Form A) or equivalent for Customer Identification Procedures
  • Know Your Customer (‘KYC’) checklist
  • Enhanced Customer Due Diligence on Individual Customer or Representative of Company Customer (ECDD FORM A)
  • Minutes of Directors/Senior Management Meetings
  • Employee Hand Book
  • Various AUSTRAC reports
  • Review of the cheque book used for writing winnings from gaming machines
  • Review of identification of winners
  • Review of daily reconciliation reports from gaming machines
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Independent Review

Who needs a review?

Who needs to report

Venues that are licensed for 16 or more electronic gaming machines, who do not provide any other designated services. Member of a designated business group (DBG) Any member of a DBG may lodge the annual compliance report on behalf of the whole DBG. If you are submitting a compliance report on behalf of all other DBG members, you will need to advise individual DBG members of the submission.

Compliance report

You must complete and submit the compliance report between 2 January and 31 March. All questions in the compliance report refer to your business activities from 1 January to 31 December.

Do penalties apply for failing to submit an AML/CTF compliance report?

Yes. Failure to submit an AML/CTF compliance report can result in: an infringement notice (see s186B of the AML/CTF Act), or a civil penalty order (see s175 of the AML/CTF Act). Provision of false or misleading information in an AML/CTF compliance report is a criminal offence (see ss136 and 137 of the AML/CTF Act).

What are the penalties for failing to submit an SMR to AUSTRAC?

If an SMR is submitted after the relevant reporting period or not submitted at all, AUSTRAC can apply to the Federal Court of Australia for a civil penalty order of up to $21,000,000 (100,000 penalty units) for a body corporate, and up to $4,200,000 (20,000 penalty units) for a person other than a body corporate.

Handy links

Austrac Compliance Guide
Austrac AML/CTF Program Guide
Austrac AML/CTF Reporting Obligations
Penalty Units
Anti-Money Laundering and Counter-Terrorism Financing Act 2006 – C2019C00011
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AML/CTF Training

Training

All reporting entities must provide money laundering/terrorism financing risk awareness training for employees. This is compulsory. The training program must be documented in Part A of your AML/CTF program and help you make sure your business or organisation isn’t used to support criminal activity.
Staff Training
Why is it good?
You can rest assured that RCA’s Staff Awareness training covers all areas that are required by AUSTRAC. Our training is interesting, current and dynamic to improve participation and recall by your staff. All training is delivered online to provide maximum flexibility to your business. Staff can access the training from any internet connection and pause and return to the material as suits their schedule. RCA’s Staff Awareness training is succinct and manageable and is appropriate for the pub industry. A complete module should take only 30 minutes. All staff who successfully complete the course will be provided with their own individual certificate of completion as evidence of their training.
Staff Awareness Training
What is included in the RCA Staff Awareness training?
A 10 minute video on AML and how it affects gaming staff. The video is dynamic and interesting, and covers the important features of the new regulations, giving scenarios to illustrate concepts. A short reading section giving staff a summary of what is expected of them under the new AML laws. Followed by a quiz of multiple choice questions to ensure staff understand the concepts and can recall the important details.
AML/CTF Training
What do you need to do from here?
RCA’s training staff will contact the customer to collect the names and email addresses of the staff members that will need training accounts. RCA will need the email address of the compliance officer to collect this information, and disseminate student results.
Staff Awareness Training

AML/CTF Reviews

To meet your AUSTRAC AML/CTF obligations, call us today!
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+61 403 003 223

Contact us today for all your AML/CTF needs.