Legislative Council: Tuesday, February 07, 2023



177 The Hon. H.M. GIROLAMO ().16 November 2022). Can the Treasurer advise—

1. What policies and procedures does HomeStart have to detect, and prevent money laundering?

2. What policies and procedures does HomeStart have to detect and adhere to its counterterrorism funding obligations?

The Hon. K.J. MAHER (Minister for Aboriginal Affairs, Attorney-General, Minister for Industrial Relations and Public Sector): The Treasurer has advised:

To answer both questions, HomeStart has a documented Anti Money Laundering Program and Compliance Plan, which is supported by operational and assurance procedures and a training program for all employees.

Operational and assurance processes identify and verify customers, which includes the identification, risk assessment and monitoring of high-risk customers, conduct transaction monitoring and record and report suspicious matters to the regulator.