AML/CTF Compliance training for gaming venues - Clubs and Hotels

This webinar includes an introduction to the key requirements under the Anti‑Money Laundering and Counter‑Terrorism Financing Act 2006 including:

• AML/CTF programs
• customer identification for large wins
• ongoing customer due diligence
• risk management
• reporting to AUSTRAC and
• record keeping.

To book a webinar or on-site training at a time convenient for you, contact GOVLAW on [email protected] .

Image courtesy AFP

The external experts’ report commissioned by Westpac in response to the AUSTRAC allegations stated that the Westpac board risk committee had received training in AML/CTF compliance in late 2017.

Currently, Westpac shareholders are out $1.3 billion and more (in reputational damage and advertising costs - it was hard to miss the blanket rescue helicopter commercials) from the non-compliance dating back to 2013. If only the Board had received GOVLAW training early on…

AUSTRAC has settled with Crown Casino for $450 million. The NSW inquiry into the Crown licence for the new Sydney casino found that:

In the circumstances of the devastating outcomes for Crown in this Inquiry, it is

suggested that the [NSW Regulator] introduces a requirement for all directors of any...

casino... provide certification of the completion of appropriate AML/CTF education, supplemented annually. [emphasis added]

What could the value of AML/CTF training be to your business?

• Webinar, question and answer for your gaming venue managment and staff
• Access via a MS Teams link provided by email

• Key presentation slides - licensed for your gaming venue compliance use only.

AML/CTF training is available at your Hotel, Club or Pub, casino or other reporting entity.

Image courtesy Australian Federal Police

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Host or Publisher Andrew Fernbach, lawyer, GOVLAW