Money laundering: know the facts from the myths

Part of the obligations of gaming venue operators and staff is to minimise harm from money laundering. An effective way to do this is by knowing the facts about money laundering at clubs and pubs.

The Australian Transaction Reports and Analysis Centre (AUSTRAC) is the federal government agency responsible for detecting, deterring and disrupting criminal abuse of the financial system to protect the community from serious and organised crime. It has created a resource in the form of a poster to help gaming venue staff and operators separate money laundering facts from myths. You can print out the poster and place it somewhere both staff and patrons can read it.

The resource covers topics such as:

• the risks of money laundering
• who launders money
• reporting money laundering.

We work closely with AUSTRAC to ensure gaming venues are not used to launder money.