Anti-Money Laundering and Counter Terrorism Financing Zoom Training For Gaming Room (EGM) Employees

LBA is pleased to offer its venue partners online AML/CTF Training that is suitable for all gaming staff employees who need to complete their induction and refresher training for AML/CTF purposes.

Training will run for approximately 60 minutes and include the following discussion

• What constitutes money launder activity;
• Activities that usually generate money that is subsequently laundered;
• Why money is laundered;
• The role of AUSTRAC;
• Stages of money laundering and how these may occur in a gaming environment;
• What constitutes terrorism financing;
• The role of money in enabling terrorist activities;
• The Venues obligations to AUSTRAC under the AML/CTF legislation and rules;
• The types of ML/TF risks the Venue might face and the potential consequences of such risk;
• A detailed description of Part A of the Venues AML/CTF program
• A detailed description and discussion of Part B of the Venues AML/CTF program incorporating the processes and procedures set out in the Venues AML/CTF program that are relevant to the work carried out by employees, including:
  • Know Your Customer (KYC) objectives;
  • The circumstances for which it is necessary to request customer identification (ID);
  • The ID that needs to be verified;
  • Recommended/preferred forms of ID;
  • Secondary forms of ID;
  • Where and how to record the ID;
  • What to do if proof of ID cannot be obtained;
  • When enhanced customer due diligence is required;
  • What other forms of ID and observations constitute enhanced KYC;
  • Methods to identify Politically Exposed Persons;
  • Identifying and dealing with Sanctioned Individuals
  • Prohibition of “tipping off” a person that a report may be made to AUSTRAC; and
  • The consequences for the Venue and individuals of non-compliance with the Venues AML/CTF program or the obligations under the AML/CTF legislation and rules.