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Members should be aware that as part of AUSTRAC’s upcoming Annual Compliance Report (ACR), due by 31st March 2025, you are required to submit information regarding your most recent independent review of PART A of AML/CTF program.
What is an independent review of the AML/CTF Part A Program?
An independent review is an impartial assessment of a reporting entity’s current Anti-Money Laundering/ Counter-Terrorism Financing (AML/CTF) Part A Program to:
• Assess whether they complied with their Part A Program
Why is it required to perform an independent review of Reporting Entities AML/CTF Part A Program?
To meet the requirements of the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Rules Instrument 2007 (No. 1) under either of the below:
Part 8.6 for a reporting entity that has adopted a Standard AML/CTF program or
Part 9.6 for reporting entities that have enrolled as a Designated Business Group (DBG) and adopted a joint AML/CTF Program
• Apart from regulatory requirement, independent review reports of AML/CTF Part A Program are required to be presented by reporting entities to their Board and Senior Management to demonstrate their current level of compliance in meeting the requirements of their Part A program.
Does independent review need to examine all areas of Part A Program?
Independent reviews can examine some or all areas of the Part A Program. During 2024, AUSTRAC published their regulatory priorities. Members may consider focusing their reviews on these key risk areas in addition to those that impact their specific business operations.
Who can conduct an independent review?
You can choose an independent reviewer (including external provider) who has not been involved in:
• developing your money laundering/terrorism financing risk assessment or related internal systems and controls.
Need further assistance?
The above explanations are designed to give you an overview of the independent review requirements that binds your club.
AML SureCheck ™ is CCV’s specialist AML/CTF independent review service provider offering over 20 years of experience across highly regulated sectors. It is led by Giridhar Kannan (Giri), a Professional Member of the institute of Internal Auditors – Australia and also an Advanced CAMS Audit certified professional. He is also a sessional faculty at University of Sydney, Business School for the subject ‘International Financial Crime’.
AML SureCheck ™ offers discounted, fixed rates exclusively for CCV members. Their reviews are tailored to meet the specific needs of each club, ensuring compliance with AUSTRAC regulatory priorities and also help meet ACR submission deadlines.
Contact AML SureCheck™
For more information or to book an independent review, contact Giri Monday to Friday during business hours:
Phone: 0423 025 101
Email: [email protected]
AML SureCheck™ only closes on Public Holidays.
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In FY25, Victorian Keno players enjoyed almost 10 million wins worth more than $131.9 million.
For many club patrons across Victoria, FY25 was a year to remember – all thanks to a life-changing Keno win.
Victorian players had a standout year, tallying over 9.9 million Keno wins collectively worth than $131.9 million in prize money.
In FY25, Keno players across the eastern states of mainland Australia celebrated more than 76 million wins collectively worth more than $1.2 billion.
During this time, Keno crowned 20 millionaires and multi-millionaires who together took home more than $57.9 million. Two of these major jackpot winners were from Victoria.
Laverton woman thanks ‘manifestation magic’ for Keno win
A Laverton woman shared she was left thanking the universe after she scored a $60,000 Keno Classic 8 Spot prize at Club Laverton in the weeks leading up to last Christmas.
“It was a big surprise! Especially coming up to Christmas, it’s perfect!” she cheered.
“Do you want to hear something really funny? I just wrote in my diary the day before winning, ‘Thank you, universe, for my Keno 8 Spot win’. Then it really came true!
“I’m a firm believer in the law of attraction and manifestation, and I love affirmations!
“It was awesome seeing all eight numbers pop up on the screen.
“I’ve had a few wins in Keno over the years. It’s like the stars align for me when I play - it’s my thing!”
Club Laverton manager Gus Alimovski said the team happily shared in the excitement with their major Keno winner.
“What an incredible win for our patron! It’s always great hearing these winning stories, and now we have another one to share with our patrons,” he said.
“We’re thrilled for our customer, and we hope to see more Keno winners in our venue soon.”
All eyes on a winning FY26
Keno’s National Partner Manager Luke Harrison said he couldn’t wait to see which Victorian clubs welcomed the next big Keno winners.
“Last financial year, players at Victorian clubs celebrated some impressive victories,” he said.
“A key highlight has been the growing popularity of Keno’s Bonus and Replay features among club patrons. This trend reflects how venues are successfully connecting with their customers, sharing updates on jackpot increases, promotional offers, and game enhancements.
“When players opt into Keno Bonus, they unlock the chance to multiply their winnings by up to ten times, while the Replay option adds another layer of excitement.
“Many players are still unaware of these features, making it vital for staff to start conversations and educate them on the full range of Keno possibilities!”
Mr Harrison said the solid Keno performance at Victorian clubs last financial year laid a strong foundation for continued success in FY26.
“Clubs across Victoria are embracing fresh approaches to elevate the customer experience, and Keno’s rising popularity is playing a key role in that journey,” he said.
“There’s also a wide array of Keno resources available to clubs, from eye-catching point-of-sale materials to engaging promotions, all designed to keep the game front and centre.
“As the new financial year unfolds, Keno is looking forward to celebrating more big wins for Victorian club patrons, and more success stories for the clubs that host them.”
Contact your Business Development Manager to find out how Keno can best support your club in FY26.
Visit Keno Connect for more information on maximising Keno in your club - www.kenoconnect.com.au