Anti-money laundering and counter terrorism financing education services
- February 5, 2023
- Posted by: Madrigal Admin
- Category: Tender News
The Western Australian Department of Local Government, Sport and Cultural Industries is seeking quotes (RFQ) for the provision of expert training on anti-money laundering and counter terrorism financing (AML/CTF) from an external advisor.
The successful provider will be required to deliver approximately 10-12 hours of training through a series of workshops over a six-month period. There will be approximately 12 participants from the Gaming and Wagering Commission of Western Australia.
Background to the requirement
The Perth Casino Royal Commission final report, tabled in the WA parliament in March 2022, made recommendations to enhance the capability and effectiveness of the casino regulator (the Gaming and Wagering Commission of Western Australia, and the Department of Local Government, Sport and Cultural Industries (DLGSC).
The royal commission recommended the commission consider obtaining expert assistance from an external adviser in relation to anti-money laundering and counter terrorism financing. The advisor will better equip the commission with the skills and experience to regulate the management of the money laundering and terrorism financing risk of a licensed casino.
The WA Government is considering its position on the 59 recommendations in the report but is going ahead with the work related to AML/CTF.
Objective of the contract
The objective is to deliver to the commission an anti-money laundering and counter terrorism financing education package on ITS regulatory responsibilities. The education package is to include ‘in-person’ board level training sessions and written materials/presentation documents to be provided as part of the training sessions, and after.
Tailored education packages will need to be developed for Commission members.
Education about AML/CTF in Australia
- What it is
- Why it is important
- How it is regulated currently
- The obligations on entities regulated under the legislation
- The roles of the relevant enforcement agencies
Regulating AML/CTF in the gaming, wagering and casino industries
- The role of a state regulator in AML/CTF
- Actions the regulator should take to monitor AML/CTF risks in these industries
- How the commission can work effectively with law enforcement agencies, including AUSTRAC, in the monitoring and reporting of AML/CTF matters
- Information and research on AML/CTF trends, internationally and Australia-wide, in terms of detection, prevalence, and current developments, relevant to the gaming, wagering and casino industries.
The service is to be delivered within the next six months to inform the response to the PCRC Final Report recommendations. The RFQ closes at 2:30 PM 17 February 2023, Western Australia time.
Madrigal Communications has experience in assisting training organisations to tender to government.