Over 15 Gaming Machines? You need an Independent Audit of your AML/CTF Program
AUSTRAC Compliance Reporting due March 31st
Each year before March 31st, hospitality venues must submit an independent review of their AML/CTF program.
Every venue offering a Designated Service—defined as any establishment with gaming machines or TAB offerings—is obligated to submit an AUSTRAC compliance report by the 31st of March 2023. This requirement applies universally to all venues across Australia, with the exception of those having fewer than 15 machines and no TAB services. The compliance report is mandated by the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.