Since April we are regulated by AUSTRAC - Australia's financial intelligence agency with regulatory responsibility for anti-money laundering and counter-terrorism financing. As part of the regulation we’re required to meet AML/CTF obligations including:
- Collecting and verifying customer information so as to comply with the program,
- Keeping user data such as user info and personal data,
- Reporting to AUSTRAC any suspicious activities that aware of,
- Adopting and Maintaining an AML/CTF program in identifying and mitigating and managing money laundering and terrorism finance risks.
You can find more information at the AUSTRAC official website.
Thank you for your choosing us! If you have any questions of concerns regarding this matter, please don’t hesitate to contact us at support@hardblock.com.au