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Anti-Money Laundering Policy

Last updated: March 2026

1. Introduction

AussieLottoPrize, operated by The Lottery Corporation Limited (ABN 99 081 925 662), is committed to preventing money laundering, terrorism financing, and other financial crimes. This Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Policy outlines our obligations and procedures under Australian law.

2. Regulatory Framework

Our AML/CTF program is designed to comply with:

  • Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth)
  • Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007
  • Financial Transaction Reports Act 1988 (Cth)
  • Victorian Gambling Regulation Act 2003
  • Guidance issued by AUSTRAC (Australian Transaction Reports and Analysis Centre)

3. Customer Identification Program (CIP)

3.1 Know Your Customer (KYC)

We are required to verify the identity of our customers. Our KYC procedures include:

  • Collection of personal information (full name, date of birth, residential address)
  • Verification of identity through government-issued documents (driver's licence, passport, or Medicare card)
  • Electronic identity verification using trusted third-party services
  • Ongoing monitoring and periodic re-verification

3.2 Enhanced Due Diligence (EDD)

Enhanced due diligence is applied in higher-risk situations, including:

  • Customers from high-risk jurisdictions
  • Politically Exposed Persons (PEPs)
  • Unusual or large transactions
  • Customers whose identity is difficult to verify

4. Transaction Monitoring

We employ automated and manual monitoring systems to detect and report suspicious activities, including:

  • Unusual patterns of ticket purchases
  • Large or frequent deposits that are inconsistent with a customer's known profile
  • Attempts to structure transactions to avoid reporting thresholds
  • Use of multiple accounts or third-party funding sources
  • Rapid movement of funds in and out of accounts

5. Reporting Obligations

In accordance with our legal obligations, we report the following to AUSTRAC:

  • Suspicious Matter Reports (SMRs): When we have reasonable grounds to suspect a transaction may be related to money laundering or terrorism financing
  • Threshold Transaction Reports (TTRs): For cash transactions of AUD $10,000 or more
  • International Funds Transfer Instructions (IFTIs): For international electronic fund transfers

We are prohibited from disclosing to any person that an SMR has been or will be made ("tipping off").

6. Record Keeping

We maintain comprehensive records in compliance with regulatory requirements, including:

  • Customer identification records for a minimum of 7 years after the account is closed
  • Transaction records for a minimum of 7 years after the transaction date
  • Copies of all reports made to AUSTRAC
  • Records of AML/CTF training provided to staff

7. Staff Training

All employees and contractors involved in customer-facing or transaction-related roles receive regular AML/CTF training, covering:

  • Legal obligations and regulatory requirements
  • How to identify suspicious transactions and behaviours
  • Internal reporting procedures
  • Customer due diligence requirements
  • Consequences of non-compliance

Training is provided upon commencement and updated annually or when significant regulatory changes occur.

8. Compliance Officer

We have appointed a designated AML/CTF Compliance Officer responsible for overseeing the implementation and maintenance of our AML/CTF program, reporting to senior management and the Board, and liaising with AUSTRAC and other regulatory bodies.

9. Penalties for Non-Compliance

Failure to comply with AML/CTF obligations can result in significant criminal and civil penalties for both the organisation and individuals. We take our compliance obligations seriously and expect all staff and customers to cooperate with our AML/CTF procedures.

10. Contact

If you have any concerns about potential money laundering or suspicious activities, please contact our Compliance team at support@loryclearwaverull.com. All reports will be treated confidentially.