Anti-Money Laundering (AML) & Counter-Terrorism Financing (CTF) Policy

BitcoinAustralia.com complies with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 and is registered with AUSTRAC.

1. Customer Verification (KYC)

• All customers must complete identity verification before trading.
• Documents include passport, driver’s licence, or other government ID.
• Proof of address may be required for higher transaction limits.

2. Transaction Monitoring

All transactions are monitored for suspicious or unusual activity. Transactions may be delayed, frozen, or reported if red flags are triggered.

3. Reporting Obligations

We report suspicious matters, large transactions, and threshold transactions directly to AUSTRAC.

4. Staff Training

Staff are trained to identify red flags and comply with reporting requirements. We regularly review and update our AML/CTF procedures.