Compliance

AusCey Exchange is subject to and complies with applicable Australian laws including the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Act 2006. Under the act, we have adopted an AML/CTF Program consisting of a set of standards which set out how it identifies, mitigates and manages money laundering and terrorism financing risk.

AusCey Exchange will endeavour to protect our customers and itself from being used for illicit activities by:

• Conducting customer identification and verification processes to ensure our customers are genuine
• Only dealing with legitimate customers
• Ensuring our products and services are not being utilised by money launderers, terrorist financiers or anybody that chooses to support these types of individuals
• Carrying out ongoing customer diligence by adopting a KYC (Know Your Customer) Policy

Verification of KYC (Know Your Customer) information

As per the requirements by AUSTRAC, customers should provide AusCey Exchange with the customer’s full name and either their date of birth or residential address using:

An Original or Certified Copy of a Primary Photographic Identification Document

• a licence or permit issued under a law of a state or territory or equivalent authority of a foreign country for the purpose of driving a vehicle that contains a photograph of the person in whose name the document is issued
• a passport issued by the Commonwealth
• a passport or a similar document issued for the purpose of international travel, that:
  • contains a photograph and the signature of the person in whose name the document is issued;
  • is issued by a foreign government, the United Nations or an agency of the United Nations; and
  • if it is written in a language that is not understood by the person carrying out the verification – is accompanied by an English translation prepared by an accredited translator.
• a card issued under a law of a State or Territory for the purpose of proving the person’s age which contains a photograph of the person in whose name the document is issued.
• a national identity card issued for the purpose of identification, that:
  • contains a photograph and the signature of the person in whose name the document is issued;
  • is issued by a foreign government, the United Nations or an agency of the United Nations
  • if it is written in a language that is not understood by the person carrying out the verification – is accompanied by an English translation prepared by an accredited translator.

Or

An Original or Certified Copy of a Primary Non-photographic Identification Document

• a birth certificate or birth extract issued by a State or Territory;
• a citizenship certificate issued by the Commonwealth;
• a citizenship certificate issued by a foreign government that, if it is written in a language that is not understood by the person carrying out the verification, is accompanied by an English translation prepared by an accredited translator;
• a birth certificate issued by a foreign government, the United Nations or an agency of the United Nations that, if it is written in a language that is not understood by the person carrying out the verification, is accompanied by an English translation prepared by an accredited translator;
• a pension card issued by Centrelink that entitles the person in whose name the card is issued, to financial benefits.

And

An Original or Certified Copy of a Secondary Identification Document

• a notice that:
  • was issued to an individual by the Commonwealth, a State or Territory within the preceding twelve months;
  • contains the name of the individual and his or her residential address; and
  • records the provision of financial benefits to the individual under a law of the Commonwealth, State or Territory (as the case maybe);
• a notice that:
  • was issued to an individual by the Australian Taxation Office within the preceding 12 months;
  • contains the name of the individual and his or her residential address; and
  • records a debt payable to or by the individual by or to (respectively) the Commonwealth under Commonwealth law relating to taxation;
• a notice that:
  • was issued to an individual by a local government body or utility provider within the preceding three months;
  • contains the name of the individual and his or her residential address; and
  • records the provision of services by that local government body or utility provider to that address or to that person.
• in relation to a person under the age of 18, a notice that:
  • was issued to a person by a school principal within the preceding three months;
  • contains the name of the person and his or her residential address; and
  • records the period of time that the person attended the school.