KNOCK, KNOCK…IT’S AUSTRAC – ARE YOU READY?
Get your compliance in order today – and keep your venue out of the headlines.
*Money laundering is under intense scrutiny in Australia’s hospitality industry – and with good reason. The Australian Institute of Criminology estimates that serious and organised crime, including money laundering, drug trafficking, cybercrime, and other illicit activities — cost Australia up to $68.7 billion in 2022–23, a sharp rise from $60.1 billion in 2020–21.
AUSTRAC’s recent civil penalty proceedings against a NSW licensed community club are a stark warning to all Clubs and pubs. AUSTRAC alleges the Club’s AML/CTF program:
- did not have an adequate risk assessment
- did not contain appropriate staff risk awareness training
- did not contain appropriate risk based systems and controls in its transaction monitoring program
- did not include appropriate risk-based systems and controls in its enhanced customer due diligence processes
- was not subject to an independent review that met the requirements of the Rules
While NSW venues face unique factors – like $5,000 cash loading limits on older EGMs and mega-clubs with 600+ machines – venues in all states must ensure compliance.
The CTA Training Solution
Our flexible, online AML/CTF courses are built for the Clubs, pubs and hospitality industry, covering:
- Front-line staff – recognising red flags and following reporting protocols
- Managers & Compliance Officers – ensuring venue-wide adherence to AUSTRAC standards
- Board Members & Executives – understanding governance duties and risk oversight
Your team will learn how to:
✅ Identify and report suspicious activity
✅ Maintain compliant AML/CTF documentation
✅ Pass an AUSTRAC audit with confidence
Protect Your Venue – Act Now
If your AML/CTF program hasn’t been independently reviewed recently – or if you’re unsure it could withstand AUSTRAC scrutiny – now is the time to act.
(07) 3878 8977
Enrol in AML/CTF Online Training Now
Don’t wait for AUSTRAC to come knocking. Get your compliance right.
* ‘Serious and organised crime in Australia 2023.’ Published by the Australian Institute of Criminology (AIC), a division of the Australian Government’s Attorney-General’s Department.
