AML/CTF guides

06-JAN-2014


 AML/CTF compliance guide for hotels and clubs

AUSTRAC has released a compliance guide and a risk assessment guide to assist hotels and clubs, which are licensed to operate electronic gaming machines, to meet their reporting requirements under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) and the AML/CTF Rules.

The compliance guide and risk assessment guide are suitable for hotels and clubs that are:

  • licensed to have more than 15, and up to 100, electronic gaming machine entitlements; or
  • part of a group of related hotels and clubs that collectively is licensed to have more than 15, and up to 100, electronic gaming machine entitlements.

These guides will assist hotels and clubs to:

  • identify and consider the money laundering and terrorism financing risks their business may be exposed to and the actions needed to manage those risks
  • record policies and procedures that will assist them to manage their AML/CTF obligations
  • provide evidence that can be used to demonstrate compliance with their AML/CTF obligations.

View the PDF file AML/CTF compliance guide for hotels & clubs licensed to operate electronic gaming machines (PDF, 789KB)

View the PDF file ML/TF risk assessment guide for hotels & clubs licensed to operate electronic gaming machines (PDF, 700KB)



AML/CTF compliance guide for independent remittance dealers

AUSTRAC has released a compliance guide to help independent remittance dealers meet the requirements of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act).

This compliance guide is suitable for remittance dealers who:

  • are sole traders or have a small number of employees
  • operate either fully or partially as an independent remittance dealer (i.e. not as a remittance network provider or as an affiliate of a registered network provider).

This guide will assist remitters to:

  • identify and consider the ML/TF risks their business may be exposed to and the actions needed to manage those risks
  • record policies and procedures that will assist them to manage their AML/CTF obligations
  • provide evidence that can be used to demonstrate compliance with their AML/CTF obligations.
    How do I know if I'm an independent remittance dealer?

Independent remittance dealers are businesses which provide remittance services directly to customers using their own systems and processes. Typically, transfers for customers are conducted through the business' bank accounts rather than through a system provided by a registered network provider.

View the PDF file AML/CTF compliance guide for independent remittance dealers (PDF, 1.6MB)



AML/CTF compliance guide for bookmakers

AUSTRAC has released the AML/CTF compliance guide for bookmakers to help bookmakers understand and meet their obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act).

The compliance guide can assist bookmakers to meet their obligations through:

  • considering any money laundering or terrorism financing risks their business may face and the actions they will take to mitigate those risks
  • recording their processes and plans to manage their AML/CTF obligations 
  • demonstrating their willingness to comply with the AML/CTF Act.

The compliance guide is suitable for bookmakers who are sole traders or who have a small number of employees.

View the PDF file AML/CTF compliance guide for bookmakers (PDF 420KB)



AUSTRAC business profile form explanatory guide

AUSTRAC has released the AUSTRAC business profile form explanatory guide (explanatory guide) to assist entities with using the AUSTRAC business profile form (the form).

The form is used by entities to complete their enrolment and registration applications under the new requirements which commenced from
1 November 2011.

The explanatory guide:

  • is designed to assist entities with answering the questions on the form
  • includes two checklists detailing the information entities require to enrol or register with AUSTRAC. These checklists are found at Appendix A (information required for enrolment) and Appendix B (information required for registration).

 AUSTRAC business profile form explanatory guide (Word, 1.2MB)

06-JAN-2014

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