AUSTRAC urges gaming operators to update AML/CTF risk settings following FATF report

Australian regulator has advised firms to reassess AML/CTF risk settings.

Australia.- The Australian Transaction Reports and Analysis Centre (AUSTRAC) has urged all reporting entities, including gaming operators, to reassess their anti-money laundering and counter-terrorism financing (AML/CTF) controls following the Financial Action Task Force’s (FATF) October 2025 update.

The latest update on global money-laundering, terrorism-financing and proliferation-financing risks identifies jurisdictions with strategic deficiencies, including North Korea, Iran and Myanmar, warnig that these pose elevated vulnerabilities. AUSTRAC said Australian reporting entities should examine whether customer-due-diligence measures adequately capture the risks flagged by FATF, and whether internal thresholds and monitoring triggers reflect current exposure levels. 

The agency noted that boards and senior management must maintain oversight to guarantee that AML/CTF programs remain effective and up to date, supported by robust independent reviews.

Earlier this month, AUSTRAC launched a modernised AUSTRAC Online (AO) reporting platform for the businesses it regulates. It says the updated platform provides improved security with more flexible options, a more responsive, user-friendly interface, enhanced self-service options and clearer guidance to assist with new features.

The new platform forms part of the agency’s programme to modernise regulatory reporting tools for Australia’s financial and digital asset sectors. Regulated entities have been advised to check communications for details on updated security requirements.

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See also: AUSTRAC unveils modernised online reporting platform

Australian regulator has advised firms to reassess AML/CTF risk settings. Australia.- The Australian Transaction Reports and Analysis Centre (AUSTRAC) has urged all reporting entities, including gaming operators, to reassess their…