Anti Money Laundering and Counter-Terrorism Financing

For registered clubs, effective Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) compliance starts with understanding the venue itself.  Every club is different.  A small regional club with a handful of gaming machines presents a different risk profile to a large metropolitan…

For many registered clubs, the AML/CTF reforms that commenced on 31 March 2026 have required more than simply updating procedures and changing transaction thresholds. They have also broadened the way clubs need to think about financial crime risk.  One important…

AML/CTF record keeping is an important part of demonstrating compliance under Australia’s AML/CTF framework. For many businesses, AML/CTF compliance is thought of in terms of completing a risk assessment, maintaining an AML/CTF program, conducting customer due diligence and submitting reports…

Internal AML/CTF audits can help businesses identify compliance gaps before they become bigger problems or are uncovered during an independent evaluation. For many businesses, one of the biggest AML/CTF compliance risks is not having an AML/CTF Program. It is that…

An AML/CTF Annual Compliance Report is an important compliance obligation for many Australian reporting entities. While it may seem like another form to complete, the Annual Compliance Report provides AUSTRAC with valuable information about how your organisation manages its anti-money…

For registered Clubs, an AML/CTF independent review should never be treated as simply another compliance exercise to complete and file away. The real value comes from what the Club does with the findings. An AML/CTF independent review provides the Board,…

An Independent AML/CTF Review is one of the most important safeguards within an Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Program. Every reporting entity should regularly conduct an Independent AML/CTF Review to ensure its AML/CTF Program is effective, complies with Australian…

With Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) reforms expanding to new industries, the role of the AML/CTF Compliance Officer has never been more important. Whether you are a registered club, hotel, real estate agency, accounting firm, conveyancing practice or…