Not all AML/CTF advisory services offer the same level of expertise or depth of analysis. Choosing the right provider can make a significant difference to the quality and effectiveness of a gaming venue, pub or hotel’s AML/CTF program.

To shed light on anti-money laundering challenges and best practices for gaming venues, Senet’s Advisory and Compliance Principal, Alexandra Hoskins, sat down with Mike Barouche from the Australian Hotels Association Victoria (AHA (Vic)).

The Gambling Legislation Amendment (Pre-commitment and Carded Play) Bill 2024 (Vic) (Bill) was read in the Legislative Assembly for a second time on 27 November 2024.

Australia has witnessed significant enforcement actions in response to Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) non-compliance and gambling industry compliance generally.

From 29 September 2024, more stringent customer identification and pre-verification requirements applicable to WSPs will come into force across all Australian jurisdictions.

Poorly drafted and unfair contract terms and conditions can exacerbate the level of customer complaints received by operators and in turn regulatory bodies.

AUSTRAC’s recently released Money Laundering in Australia and Terrorism Financing in Australia National Risk Assessments are important reading for gambling industry participants.

Australian Government, Attorney-General's Department - Paper 5: Broader reforms to simplify, clarify and modernise the regime

Gaming Venues

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