advisory
AML/CTF Program and Risk Assessment
We specialise in tailored AML/CTF programs and risk assessments for the gambling and gaming industry, ensuring your program isn’t just compliant, it’s highly customised to your specific needs.
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Hotels, pubs, clubs, and wagering operators must comply with the AML/CTF Act 2006 and are required to have a tailored AML/CTF Program and Risk Assessment to address their unique risks.
Our expert gaming compliance advisory team will guide you through every step of the process, from developing and reviewing your AML/CTF program to creating robust risk assessments. We focus on enhancing customer due diligence and refining your AML policies and procedures.
Our approach to AML/CTF compliance
Our approach to AML/CTF is built on industry knowledge and direct engagement with AUSTRAC, avoiding where other advisors may fall short by applying generic solutions. We believe in creating tailored programs that use a specific methodology proven to stand up against regulatory scrutiny.
AML/CTF Program Independent Reviews
By law, AML/CTF Programs and Risk Assessments must undergo regular reviews: typically, an internal review is conducted every year and an external, independent review is conducted every 2-3 years. These reviews are critical, as they assess not only the money laundering and terrorism financing risk environment and compliance effectiveness, but also how well the program has been implemented into the business through processes and procedures.
AML/CTF Risk Assessments
With our unique 30-variable Risk Assessment, we evaluate your business using a detailed set of factors to establish an overall risk rating profile. Based on this profile, we then select a tailored suite of controls from our extensive library, handpicking the most effective options to address the specific risks your business reasonably faces.
Fundamentally, our programs and risk assessments reflect the specific needs of your business – ensuring compliance that is as practical as it is protective.
Senet Compliance Vault - our ongoing support
Beyond the AML/CTF Program and Risk Assessment, we support our clients through exclusive access to the Senet Compliance Vault– an essential online resource packed with best-practice tools, templates, checklists, training packs, and our annual ‘Let’s Talk AML’ series designed to keep staff engaged and up to date. The Compliance Vault has been intentionally curated to simplify your day-to-day AML/CTF compliance.
