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Glossary

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Gaming machines

A machine used for playing a game of chance or a game of mixed chance and skill in an attempt to win money or something else of value. For example, a poker machine.

See

AML/CTF Act 2006 section 5

Geographical link

To be a designated service regulated under Australia’s AML/CTF Act, the service must have a ‘geographical link’ to Australia (as well as being listed in section 6 of the Act).

A service has a ‘geographical link’ to Australia if any of the following conditions apply:

  • the service is provided to the customer at or through a permanent establishment of the entity in Australia
  • the entity is a resident of Australia and the service is provided at or through a permanent establishment of the entity in a foreign country (foreign branch)
  • the entity is a subsidiary of a company that is a resident of Australia and the service is provided at or through a permanent establishment of the entity in a foreign country (foreign subsidiary).

Remittance network providers located in other countries who provide their services through affiliates in Australia are regulated under the AML/CTF Act regardless of whether they satisfy the geographical link.

See

AML/CTF Act 2006 section 6