Declaration as an Identifying Cash Dealer - Australian Government

Description

You will require this declaration if you are a cash dealers or authorised deposit-taking institutions (ADIs) intending to use certain designated identification checks to satisfy the identification verification requirements.

Cash dealers are required to comply with identification requirements in order to verify the identity of persons intending to open a new account or become a signatory to an existing account.

Please consult the Contact Officer for more information.

Service type

Licence

A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.

Eligibility requirements

To be eligible for this declaration you must provide a written undertaking where you undertake to:

  • Carry out the designated verification procedures and to take all reasonable steps to complete the procedures promptly in each case; and
  • Report to the Agency in relation to information obtained as a result of carrying out the above-mentioned procedures; and
  • Provide the Agency with written reports in respect of certain periods regarding your complaince with the legislation.

Your application, and the undertaking accompanying it, must be signed by yourself personally or, if you are a body corporate, your principal executive officer.

Please consult the Contact Officer for more information regarding eligibility requirements.

Duration

Ongoing.

Fees

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application All

Please consult the Contact Officer for information on fees to be submitted.

Forms

Task Business Structure Resources
Apply All Application for Declaration as an Identifying Cash Dealer - Please consult the Contact Officer for information on forms to be submitted.

Act(s) name

Financial Transaction Reports Act 1988 AG

Administering agency

Australian Transaction Reports and Analysis Centre

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.

AUSTRAC Call Centre

Australian Transaction Reports and Analysis Centre

Mailing address: PO BOX 5516
West Chatswood, New South Wales 1515
Toll Free: 1300 021 037
Fax: 03 8636 0508
Email: contact@austrac.gov.au
Website: Australian Transaction Reports and Analysis Centre (Opens in new window)