Anti Money Laundering and Counter Terrorism Financing
For businesses that operate in the Club and Gaming Industry, compliance with the Anti-Money Laundering/Counter Terrorism Financing Act 2006 is crucial. If you are considered a 'reporting entity', a business that provides a service under this Act, your business will be prohibited from operating a gaming machine unless your AML/CTF program is approved.
This Act has been put in place to help prevent the misuse of gaming machines for laundering of money and the available services and resources to appropriately report money laundering to the authorities.
Your AML/CTF program should be designed to act in preventing, detecting and reporting instances of money laundering and terrorism financing. Our CIRT team will work with your business to create an AML/CTF program for your venues, assist you to perform a risk assessment and update you on significant and important changes to the Act.
Interested to see how CIRT can assist your business? View the industries we operate in and our pricing page for more.
Develop a program with our team that is suited towards your venue and your requirements.
Access a customised online training module for your staff in risk awareness, obligations of a compliance officer, reporting requirements and more.
Reporting on identified risks in the risk assessment and act quickly to prevent potential money laundering and terrorism financing.
Assess your business risk towards AML/CTF, and your businesses ability to respond to and report cases of AML/CTF.