AML/CTF External Audit
Canberra Southern Cross Club has been advised by Austrac that it is required to undergo an external audit of its anti-money laundering/counter terrorism financing compliance program.
This is a result of a compliance assessment completed by Austrac.
Canberra Southern Cross Club CEO Ian Mackay stated, “Notwithstanding the challenges Clubs in the ACT face regarding our ongoing business models, our strict compliance to anti-money laundering policies and procedures is clearly a non-negotiable requirement. We will immediately engage Austrac approved external auditors to assist us in this matter”.
The Board of Canberra Southern Cross Club have acknowledged the opportunity to improve procedures and will ensure the ongoing rigour in compliance processes are in place for all stakeholders.