Powering Compliance for Australia’s Hospitality Industry

In January 2024, Brendan Thomas became the new CEO of AUSTRAC. Since his appointment he has openly expressed concerns about the money laundering risks associated with hospitality venues, clubs and hotels. Under his leadership, AUSTRAC has already taken enforcement actions against non-compliant venues, and there could be more.

Home to more than 180,000 gaming machines, Australia’s hospitality venues, clubs and hotels face challenges in managing their financial crime risks. Most compliance tools were built for large financial institutions like banks, and so, building a robust AML/CTF program using solutions available today requires multiple licences, integrations and agreements. The cost and complexity is a poor fit for thousands of hospitality venues, clubs and hotels.

Using existing platform components and third-party integrations, BNDRY enables Cherry Hub to provide a single compliance hub tailored to hospitality venues, clubs and hotels. BNDRY connects an ecosystem of AML/CTF solutions and serves them up via existing Cherry Hub integrations, significantly reducing the cost and complexity of building and operating an AML/CTF program.

One Hub. One Integration. Complete Compliance.

“This collaboration is a great example of what BNDRY was built for,” says Tim Dickinson. “We’re helping our customers not just manage their financial crime risks, but in doing so also deliver better member and visitor experiences as well.”

“And this is just the beginning.”

Get in touch to chat about financial crime compliance today: