AUSTRAC

NEW AML AND CTF RESOURCES FOR GAMING PUBS

Posted on October 4th, 2019 by Clyde Mooney
Financial intelligence agency AUSTRAC has produced new products for pubs and clubs with gaming, highlighting the risks of money laundering and financial crimes. The agency’s powers and approach have been strengthened since the Hayne royal commission, and it has recorded

NEW AUSTRAC GUIDELINES AFFECTING PUBS

Posted on April 30th, 2018 by Jane Louise
New regulations require licensed gaming venues to amend their Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) reporting or risk severe penalties. AUSTRAC requirements have been in place for pubs and clubs holding more than 15 gaming machines for some time,

AUSTRAC INCREASING FOCUS ON MONEY LAUNDERING IN HOTEL SECTOR

Posted on November 20th, 2017 by Clyde Mooney
Recent activity by AUSTRAC (Australia's financial intelligence agency, governing anti-money laundering and counter-terrorism financing) is believed to be part of plans for increased reporting by hospitality operators, says consultant firm Risk Training Australia.   [caption id="attachment_11771" align="alignright" width="138"] Phillippa Lloyd[/caption]