AUSTRAC digital currency license requirements:
1, digital currency traders in Australia must apply for AUSTRAC and provide all business details. Companies offering digital currency transactions that are not licensed by AUSTRAC can result in imprisonment for two years, an AUD105,000 fine, or both.
Establish and maintain AML/CTF programs to identify, mitigate and manage money laundering and terrorist financing risks they may encounter.---智汇咨询
3. Identify and verify customer identity.
4. Report suspicious activity and transactions involving fiat currency in excess of AUD10,000 or more (or equivalent) to AUSTRAC.
5. Maintain special records for transactions, customer identification and AML/CTF projects for 7 years.
What information is required to apply for an AUSTRAC licence in Australia
1. An Australian company must be registered before applying for a licence.
2, provide the name of the Australian company: the name of the Australian company to be registered three (in English), two of which are optional, Wisdom Consulting suggests that the name ends with PTY LTD or PTY LIMITED.
3. Provide legal person identity information, identity Z, passport, address proof, legal person no criminal record proof and notarized scanned copy.
4. Apply for an Australian tax ID.
5, after the completion of the above, start to apply for a license.
AUSTRAC Licence application:
1. Write digital currency trading business plan and operation plan;
2. Prepare and write application materials;
3. Write anti-money laundering regulations and anti-terrorist financing cases, as well as daily operation plans of regulations;
4. Submit license application to AUSTRAC and ASIC in Australia;
5. Answer questions raised by AUSTRAC and ASIC during the application process;
6. If AUSTRAC and ASIC require us to provide other documents or related instructions, we will be responsible for writing and submitting such as Product Disclosure Statement.
It takes about two months to apply for a company and a license.
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Four. Business scope includes: Malaysia Foreign exchange license Cayman regulatory license New Zealand digital currency license Mongolia Digital currency license Seychelles license Saint Vincent License Offshore Finance License FCA Regulatory license Singapore Financial License Estonian MTR Japan FSA Financial Regulatory New Return Foundation digital currency license.--智汇咨询
