Do Betting Websites Need To Comply With The AML/CTF Act?

Question: I have a betting website do I need to comply with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act)?

Answer:

Yes, if you run a betting website you are likely to be required to comply with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act), as under s6 of the AMLCTF gambling is considered a designated service which must comply with the AMLCTF Act.

Answered by Edith Moss

Edith has experience in employment law which includes drafting business terms and conditions, employment and contractors agreements and providing advice on employment matters. In her past work experience, Edith worked for some of Australia's leading visual art and design organisations.

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