Casoola complies with AML/CTF Act 2006 obligations and reports to AUSTRAC where required. We apply customer due diligence (CDD) at account opening, enhanced due diligence (EDD) for high-risk customers, and source-of-funds checks when withdrawal or deposit thresholds are reached.
All transactions are monitored in real time by automated AML systems that flag unusual patterns, rapid deposits and withdrawals without play, structured deposits below reporting thresholds, third-party payment instruments, or use of high-risk jurisdictions. Flagged accounts are reviewed by our compliance team within 24 hours.
Suspicious matter reports (SMRs) are filed with AUSTRAC where required by law. We will never tip off a customer that an SMR has been filed. For questions about AML compliance, contact info@cassoola.com.