AML Web Policy
AUS MERCHANT PTY LTD
Aus Merchant Pty Ltd abides by Australian regulation set out in the AML/CTF Act which requires for Aus Merchant to adopt and maintain an Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) program and take a risk-based approach to identify, mitigate and manage the risk of money laundering and terrorist financing risks.
Aus Merchant is regulated by AUSTRAC as a digital currency exchange provider (DCE) and has been enrolled since August 2020.
Our compliance methodology includes some of the following measures;
- Know your customer checks (KYC) verification of all customers prior to trading. We use bronID.com for this process.
- Currency deposit and withdrawals must be held and received to an account or wallet in the same name as the Aus Merchant account.
- Aus Merchant is obliged to report any suspicious activity to the relevant authorities