The cadence at which a reporting entity's ML/TF (and post-2026 PF) risk assessment must be reviewed and updated. Mandatory triggers include material change to the venue's designated services, customer profile, delivery channels, or AUSTRAC-communicated risk; absent a trigger, the assessment must still be reviewed at least every three years. The reviewed assessment is approved by the senior manager (s.26P) and retained as part of the program's documentation set.
This term sits in the reporting & records section of the working glossary — vocabulary for statutory reporting cadences, evidence retention, and inspection-ready record discipline.
The statutory minimum period a record must be kept. AML/CTF records: 7 years (most classes; see ss.107–116 for…
Chronological record of an action's lifecycle — who did what, when, on what record, with what supporting conte…
A single timestamped record in the gambling incident register or the liquor incident register. Must capture th…
A coordinated record-pack assembled for a specific inspection, board review, or regulator response — pulling t…
Periodic regulator submission required of NSW clubs and hotels with EGMs — typically gaming-machine activity, …
The yearly filing a registered club makes — typically including the financial report, board composition, membe…