The Australian Transaction Reports and Analysis Centre (AUSTRAC) has instructed The Ville Resort-Casino in Townsville and Mindil Beach Casino Resort in Darwin to appoint external auditors to assess their compliance with Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) requirements, after identifying potential gaps and deficiencies in controls, risk management and oversight. The auditors will assess compliance with the AML/CTF Act and AML/CTF Rules and report back to AUSTRAC. The scope set by AUSTRAC includes reviewing whether each casino maintains an AML/CTF program that identifies and mitigates money laundering and terrorism financing risks, conducts an appropriate risk assessment covering the business, its customer base and service delivery methods, provides for ongoing board and senior management oversight, and appropriately monitors customers to manage ML/TF risks. The audits will be conducted at each casino’s expense, and AUSTRAC will consider whether further regulatory action is required based on the audit outcomes.

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