AUSTRAC warns gambling operators of persistent AML control weaknesses in Australia
AUSTRAC chief executive Brendan Thomas warned gambling operators in Sydney that criminals continue to exploit systemic weaknesses in compliance controls. He said regulatory reviews had found recurring failures, as Australia prepares to introduce AML reforms later in March; operators must identify and verify customers, monitor transactions and report suspicious matters.
Operators face scrutiny of AML controls as AUSTRAC identifies recurring weaknesses ahead of reforms.