AML and CTF program summary.
PLAYWEST PTY LTD is a reporting entity under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) and provides designated services to its customers. The AML/CTF program is approved by senior management at board level, overseen by the AML/CTF Compliance Officer, and reviewed at least annually. The program adopts a risk-based approach as required by the Act and the AML/CTF Rules.
Legal framework
The program is maintained in accordance with:
- Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth);
- Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 1) (Cth), including the Customer Identification Rules;
- Autonomous Sanctions Act 2011 (Cth);
- Charter of the United Nations Act 1945 (Cth);
- Financial Transaction Reports Act 1988 (Cth), to the extent it continues to apply to certain transactions;
- Criminal Code Act 1995 (Cth), Division 400 (money-laundering offences).
Designated services and customers
playwestbets provides gambling-related designated services within the meaning of the Act to individual account holders located in Australia. AUSTRAC is the regulator and financial-intelligence agency to which playwestbets reports.
Customer due diligence
Each customer is identified and verified (KYC) under the Customer Identification Rules before any wager is accepted. Enhanced customer due diligence is applied where risk indicators are present, including for politically exposed persons (PEPs). Ongoing customer due diligence (OCDD) is conducted throughout the customer relationship, including the monitoring and review of customer information and transactions on a risk basis.
Sanctions screening
Customers are screened against Australian sanctions regimes, including the Consolidated List maintained under the Autonomous Sanctions Act 2011 (Cth) and sanctions imposed under the Charter of the United Nations Act 1945 (Cth). A designated service is not provided where to do so would contravene a sanctions measure.
Transaction monitoring and reporting
Wagering and payment activity is monitored against published typologies. Threshold transaction reports, international funds transfer instructions and suspicious matter reports are lodged with AUSTRAC through AUSTRAC Online in accordance with statutory timeframes. playwestbets participates in information sharing with AUSTRAC and, where permitted, with international counterpart agencies and other reporting entities.
Governance, training and independent review
Senior management is responsible for the AML/CTF program, supported by the AML/CTF Compliance Officer. Staff receive AML/CTF training appropriate to their role. The program is subject to regular independent review and its findings are reported to senior management.
Record-keeping
Identity records, transaction records and AML/CTF program records are retained for the period required by the Act — generally seven years after the relevant transaction or after the account is closed.
Source of funds
Funding via consumer credit is restricted under the Interactive Gambling Amendment (Credit and Other Measures) Act 2023 (Cth), which amended the Interactive Gambling Act 2001 (Cth) to prohibit Australian-licensed wagering operators from accepting consumer credit card payments and certain related credit-derived payment instruments. Cryptocurrency, third-party payment instruments and BNPL services are not accepted. Source-of-funds enquiries are conducted in accordance with the AML/CTF Rules where transaction patterns or risk indicators warrant.
Customer awareness
Customers should be aware that certain AML/CTF matters cannot be disclosed to them, including the existence and contents of Suspicious Matter Reports (the “tipping off” offence under section 123 of the AML/CTF Act 2006 (Cth)). Where playwestbets cannot provide information about an account decision, this may be due to legal restrictions under the Act.
Privacy
Personal information collected for AML/CTF purposes is handled in accordance with the Privacy Act 1988 (Cth) and our Privacy Policy. Where an obligation under the AML/CTF Act conflicts with a privacy expectation, playwestbets complies with its obligations under the AML/CTF Act.
Operated by PLAYWEST PTY LTD (ABN 45 603 866 388 · ACN 603 866 388). Sports Bookmaker Licence VIC-BM-2022-0661 granted by the Victorian Gambling and Casino Control Commission. Registered office: 70 Grandstand Road, ASCOT WA 6104. Contact: support@playwestbets.com.
