AUSTRAC Mandates External Audit for Bankstown Sports Club
AUSTRAC has directed Bankstown District Sports Club Ltd to appoint an independent auditor following concerns that the club’s anti-money-laundering (AML) controls may be insufficient to prevent exploitation by organized crime. The Sydney-based club operates multiple venues, including Bankstown Sports Club, The Acres Club, Bankstown Sports Bowls, Birrong Sports, Bankstown Golf Club, Baulkham Hills Sports, and Auburn Tennis Club. The order, issued under section 162 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006, requires the auditor to evaluate whether the […] The post AUSTRAC Mandates External Audit for Bankstown Sports Club appeared first on World Casino News.
AUSTRAC has directed Bankstown District Sports Club Ltd to appoint an independent auditor following concerns that the club’s anti-money-laundering (AML) controls may be insufficient to prevent exploitation by organized crime. The Sydney-based club operates multiple venues, including Bankstown Sports Club, The Acres Club, Bankstown Sports Bowls, Birrong Sports, Bankstown Golf Club, Baulkham Hills Sports, and Auburn Tennis Club. The order, issued under section 162 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006, requires the auditor to evaluate whether the […]
The post AUSTRAC Mandates External Audit for Bankstown Sports Club appeared first on World Casino News.
