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.