AML and anti-money laundering measures
Casinos approved by the Australian Communications and Media Commission (ACMA) are required to comply with Australian Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) legislation. These measures are regulated by the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 and administered by AUSTRAC - the national financial intelligence agency.
1. AML control objectives in licensed casinos
Preventing the use of casinos to legalize illegal proceeds.
Identify suspicious financial transactions.
Ensure transparency of all cash flows.
Cooperation with law enforcement and tax authorities.
2. Basic AML measures mandatory for ACMA-licensed casinos
Customer Identification (KYC)
Confirmation of the player's identity before the start of financial transactions.
Verification of documents: passport, driver's license, confirmation of address.
Additional verification in case of large transactions or changes in payment details.
Transaction Monitoring
Automatic analysis of all operations in real time.
Identification of unusual or suspicious patterns (frequent large deposits, quick conclusions, splitting of amounts).
Mandatory verification of all transactions exceeding the established limits.
Reporting to AUSTRAC
Prepare and submit Suspicious Matter Reports (SMR) when suspicious transactions are identified.
Reporting large cash transactions (Threshold Transaction Reports, TTR) with amounts from AUD 10,000 and above.
Storage of reports and client data for at least 7 years.
Limit anonymous payments
Ban on the use of unidentified e-wallets or anonymous cryptocurrencies.
Work only with certified payment providers.
3. Liability for violation of AML requirements
Multimillion-dollar fines for the operator.
Suspension or revocation of the ACMA license.
Criminal liability of company officials.
4. How a player understands that a casino complies with AML standards
Requires mandatory identity verification before withdrawing funds.
Limits anonymous deposits and conclusions.
Conducts additional checks for large winnings.
Clearly indicates the AML policy on the site.
Conclusion
AML measures at ACMA-licensed casinos aim to protect Australia's financial system and gamblers from fraud. Transparent customer identification, transaction monitoring and reporting to AUSTRAC ensure game safety and compliance with international anti-money laundering standards.
1. AML control objectives in licensed casinos
Preventing the use of casinos to legalize illegal proceeds.
Identify suspicious financial transactions.
Ensure transparency of all cash flows.
Cooperation with law enforcement and tax authorities.
2. Basic AML measures mandatory for ACMA-licensed casinos
Customer Identification (KYC)
Confirmation of the player's identity before the start of financial transactions.
Verification of documents: passport, driver's license, confirmation of address.
Additional verification in case of large transactions or changes in payment details.
Transaction Monitoring
Automatic analysis of all operations in real time.
Identification of unusual or suspicious patterns (frequent large deposits, quick conclusions, splitting of amounts).
Mandatory verification of all transactions exceeding the established limits.
Reporting to AUSTRAC
Prepare and submit Suspicious Matter Reports (SMR) when suspicious transactions are identified.
Reporting large cash transactions (Threshold Transaction Reports, TTR) with amounts from AUD 10,000 and above.
Storage of reports and client data for at least 7 years.
Limit anonymous payments
Ban on the use of unidentified e-wallets or anonymous cryptocurrencies.
Work only with certified payment providers.
3. Liability for violation of AML requirements
Multimillion-dollar fines for the operator.
Suspension or revocation of the ACMA license.
Criminal liability of company officials.
4. How a player understands that a casino complies with AML standards
Requires mandatory identity verification before withdrawing funds.
Limits anonymous deposits and conclusions.
Conducts additional checks for large winnings.
Clearly indicates the AML policy on the site.
Conclusion
AML measures at ACMA-licensed casinos aim to protect Australia's financial system and gamblers from fraud. Transparent customer identification, transaction monitoring and reporting to AUSTRAC ensure game safety and compliance with international anti-money laundering standards.
