- Related capabilities
The legislative framework for anti-money laundering and counter-terrorism financing (AML/CTF) compliance in Australia imposes complex and onerous obligations on reporting entities that provide designated services across the financial services, gambling and bullion trading industries. Addisons’ Gaming & Gambling team are experts in supporting clients in navigating AML/CTF laws and ensuring compliance.
We have deep experience supporting our clients with designing and implementing their AML/CTF programs and navigating regulatory engagement with the Australian Transaction Reports and Analysis Centre (AUSTRAC). Our advice spans advisory and strategic support as well as dealing with regulatory investigations and other enforcement processes.
advised several of the largest club and hotel groups in New South Wales and Queensland on AML/CTF compliance and suitability of their AML/CTF programs in respect of operation of gaming machines as well as navigating related regulatory engagement with AUSTRAC.
advised and supported several major Australian online wagering operators with designing and implementing their anti-money laundering and counter-terrorism financing (AML/CTF) programs. In addition, supported these online wagering operators to navigate AUSTRAC-appointed external audits of their AML/CTF processes and other enforcement matters including enforcement mitigation strategy.
advised online wagering operators on industry consultation for the imminent reforms to AML/CTF legislative framework in Australia and have an expert understanding of the ways in which the reforms will impact new reporting entities such as professional services businesses and real estate businesses involved in brokerage activities.