AML/CTF Policy

This Anti-Money Laundering and Counter-Terrorism Financing (“AML/CTF”) Policy sets out how BitcoinAustralia.com (“we”, “us”, “our”) complies with its obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) and associated rules.

1. Commitment

We are committed to preventing money laundering, terrorism financing, and other forms of crime through robust compliance systems and controls. We are registered with AUSTRAC as a Digital Currency Exchange (DCE).

2. Customer due diligence (CDD)

• We apply a Know Your Customer (KYC) program to verify identity before allowing trading.
• Customers must provide valid government issued photo identification and pass liveness checks.
• Enhanced due diligence is applied for higher risk customers or large/complex transactions.
• We may request additional documents such as proof of address or source of funds.

3. Ongoing monitoring

• All transactions are monitored for unusual or suspicious activity.
• Patterns inconsistent with a customer’s profile may trigger review.
• We maintain systems to detect structuring, layering, or other red flags.

4. Reporting obligations

We comply with all AUSTRAC reporting requirements, including:

• Threshold Transaction Reports (TTRs): for cash transactions ≥ AUD $10,000.
• Suspicious Matter Reports (SMRs): where activity is suspected to involve crime, money laundering, terrorism financing, or evasion of laws.
• International Funds Transfer Instructions (IFTIs): where applicable.

5. Record keeping

• We securely retain customer identification records, verification data, and transaction history.
• Records are kept for at least 7 years in compliance with AUSTRAC requirements.
• Data is stored securely with restricted access and audit logging.

6. Risk based approach

We apply a risk based framework to compliance, meaning customers, products, and transactions are assessed based on potential exposure to money laundering or terrorism financing risk. Higher risk scenarios attract stronger due diligence and monitoring.

7. Staff training

Staff receive ongoing AML/CTF training to identify, prevent, and report suspicious activity. Training is updated regularly to reflect changes in law and typologies.

8. Independent review

Our AML/CTF Program is subject to independent review as required by AUSTRAC to ensure effectiveness and compliance.

9. Non-compliance consequences

Customers who refuse to provide required identification or whose activity is deemed suspicious may have their account restricted, suspended, or closed. We may also be required to report such matters to AUSTRAC without notice to the customer.

10. Contact

For AML/CTF queries, please contact us via our Contact page or email compliance@bitcoinaustralia.com.

Last updated: 19 September 2025