AML/CTF Information

Last updated: this document is a working draft and must be reviewed by an Australian legal adviser before the platform accepts money.

Our approach

Before any funded feature is enabled, the operating entity must determine which obligations apply under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth), including whether registration with AUSTRAC as a digital currency exchange provider is required, and must implement an AML/CTF program before commencing a designated service.

No registration is claimed on this site. The regulatory disclosures page shows the current status of every registration and licence, and remains empty until verified details are supplied.

Identity verification

Customer identification is performed by a regulated identity-verification provider. You will be asked to verify your identity before depositing, withdrawing or investing. Verification may need to be repeated if your details change or if a transaction requires enhanced due diligence.

Ongoing due diligence

Accounts and transactions are monitored for unusual activity. We may request the source of funds, delay a transaction, or restrict an account where required.

Reporting

Reportable matters, including suspicious matter reports and threshold transaction reports, are submitted to AUSTRAC where the law requires. We are prohibited by law from telling you if a suspicious matter report has been made.

Record keeping

Identification and transaction records are retained for the statutory period of seven years.

Sanctions

Customers and transactions are screened against Australian sanctions lists. Services will be refused where a sanction applies.