Compliance Reporting

Transaction Monitoring

ANTIMONEY LAUNDERING PROGRAM TRANSACTION MONITORING All Hotels and Clubs offering gambling services must have an Anti-Money Laundering Counter-Terrorism Program (AML/CTF) in place. A separate program is required for each gambling type. For example, separate programs are needed for TAB and Gaming Machines. A major component of the AML/CTF Program is a Transaction Monitoring Program (TMP). …

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COVID-19, AUSTRAC, Pubs and Clubs

AUSTRAC are constructively working with Pubs and Clubs to assist manage Money Laundering and Terrorism Financing (ML/TF) risks during this disruptive period of COVID-19. This includes considering circumstances for Pubs and Clubs when applying the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) laws.   SMR reporting for Pubs and Clubs during COVID-19 AUSTRAC are still encouraging …

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