The Australian Transaction Reports and Analysis Centre (AUSTRAC) has asked two casinos to appoint external auditors to address potential anti-money laundering (AML) and counter-terrorist financing (CTF) shortcomings.
AUSTRAC Identified Potential Deficiencies
In its official announcement, the AUSTRAC said that it has instructed The Ville Resort-Casino in Townsville and Mindil Beach Casino Resort in Darwin to appoint external auditors in the wake of findings, which suggested potential AML and CTF deficiencies.
The auditors will be tasked with assessing the two casinos’ AML and CTF controls, risk and oversight to confirm whether the potential gaps identified by the AUSTRAC exist and report back to the analysis center.
The audits will check whether the two gambling properties are maintaining an active AML/CTF program that identifies and addresses potential risks. In addition to that, they will see whether the casinos are doing sufficient work to assess the risk faced by their businesses and whether the leadership maintains sufficient oversight of the AML/CTF program.
The audits will also assess the casinos’ customer monitoring efforts.
Read more at
https://www.gamblingnews.com/news/austrac-orders-two-casinos-to-appoint-external-aml-ctf-auditors/
