AML/CTF program statement
Last reviewed: 1 May 2026.
BookiePrice Pty Ltd is a reporting entity under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth). We maintain an AML/CTF program designed to identify, manage and mitigate money laundering and terrorism financing risks in connection with our wagering services.
Customer identification
Before you can deposit, withdraw or place a bet, we must verify your identity in line with the AUSTRAC Anti-Money Laundering and Counter-Terrorism Financing Rules. This generally involves at least one government-issued photographic ID (driver's licence, passport, or other accepted document) and confirmation of your residential address. We may request additional documents where risk indicators are present.
Risk-based monitoring
We continuously monitor transactional activity against typologies issued by AUSTRAC, including:
- Structuring deposits to avoid threshold reporting.
- Rapid in-and-out transactions inconsistent with wagering behaviour.
- Third-party deposits, including from unverified payment instruments.
- Patterns indicative of money mule activity.
Reporting
We submit Suspicious Matter Reports (SMRs), Threshold Transaction Reports (TTRs) and International Funds Transfer Instructions (IFTIs) to AUSTRAC as required by law. We do not, and cannot, notify a customer when an SMR has been filed in connection with their account. This is a legal restriction known as tipping-off.
Politically Exposed Persons (PEPs)
Domestic PEPs, foreign PEPs and international-organisation PEPs receive enhanced due diligence at on-boarding and on an ongoing basis, including senior-management approval for opening or continuing the relationship.
Sanctions
We screen customers, beneficial owners and counterparties against the consolidated list of sanctioned entities maintained by the Department of Foreign Affairs and Trade (DFAT). Accounts matching a sanctioned individual or entity will be closed and reported as required.
Record keeping
Customer-identification records and transaction records are retained for seven years from the date of account closure or the date the transaction completed, whichever is later.
Independent review
Our AML/CTF program is reviewed periodically and updated where required, including when there are material changes to our business, products, risks or legal obligations.
