Risk-Based AML/CTF compliance

A risk-based approach sits at the heart of effective AML/CTF compliance. Rather than applying the same controls to every club, it requires clubs to understand their unique risk profile — including their customers, products, location and operations — and implement controls that are proportionate to those risks. This webinar explores how to develop, maintain and review a risk assessment, apply customer due diligence and staff training appropriately, and build a compliance program that reflects the realities of your club.

Outline of contents

• Why a “Risk-Based” approach matters
• Understanding AML/CTF Risk in a club environment
• Why templates aren’t enough
• Building an effective risk-based framework
  • Core components
  • Key risk factors to assess
  • Suspicious matter reporting
• Sources of reliable risk intelligence
  • AUSTRAC’s pubs and clubs guide
  • AUSTRAC’s national risk assessment
  • AUSTRAC typologies, red flags and newsletters
  • The BOCSAR crime data
  • Your own historical suspicious matter reports
• Understanding low-risk and high-risk venues
• How controls should differ by risk level

Watch the next episode

Episode 3: Building & Maintaining an Effective AML/CTF Program

AML/CTF support available to members

Speak to a specialist — Contact a Certified Anti-Money Laundering Specialist on 1300 730 001 or enquiries@clubsnsw.com.au

Get trained — Access virtual AML/CTF compliance officer courses and our suite of self-paced online training, built for the regulatory requirements of staff, compliance officers, boards and senior managers.

ClubSafe Premium members enrol here. All other ClubsNSW members enrol here

Ask a question — For questions about your club’s AML/CTF obligations, contact the ClubSafe team at clubsafe@clubsnsw.com.au

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