ML/TF Risk Assessments and AML/CTF Programs
This e-learning module will help you understand your anti-money laundering and counter-terrorism financing (AML/CTF) responsibilities as a hospitality venue. It provides practical guidance to help protect your business, your customers, and the wider community from being exploited by criminals who may attempt to misuse gaming machines, payouts, cash transactions, or venue services.
Course overview
This course is designed for managers, compliance officers, licensees, business owners, and senior staff working in pubs, clubs, hotels, bars, and other venues that offer regulated gaming or financial-style services. If your venue provides a designated service, you are considered at risk of money laundering and terrorism financing (ML/TF) and are therefore regulated by AUSTRAC.
Languages
Available in English
What you’ll learn
- Understand why ML/TF risk assessments and AML/CTF programs are essential
- Identify the consequences of failing to meet AML/CTF obligations
- Learn how to conduct an ML/TF risk assessment for your venue
- Understand key risk factors relevant to hospitality and gaming environments
- Describe how AML/CTF programs help manage and reduce financial crime risk
- Identify practical steps to implement and maintain an effective program
- Recognise your role in supporting compliance and risk management
Why choose this course?
- Support compliance with AUSTRAC AML/CTF requirements
- Reduce the risk of financial crime and regulatory penalties
- Build capability in risk assessment and program implementation
- Strengthen governance and operational controls in your venue
Legal context
Hospitality venues that provide designated services must comply with Australia’s AML/CTF laws and are regulated by AUSTRAC. These laws require businesses to identify and assess money laundering and terrorism financing risks, and to implement and maintain an effective AML/CTF program. Failure to comply can result in significant fines, enforcement action, and reputational damage.