Registration as an Affiliate Designated Remittance Provider - Australian Government

Description

You will require this registration if you intend to provide remittance services through a remittance network operated by a registered remittance network provider.

A remittance service involves using agents to transfer money from people in Australia, to pay people in another country. Remittance services may use their own electronic payment system, or other informal systems, allowing international money transfers to take place outside conventional banking. You are providing a remittance service if you are a non-financier and:

  • you accept an instruction for the transfer of money or property under a remittance arrangement
  • you make money or property available, or arrange for it to be available, to a transferee under a remittance arrangement.
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 registration you must:

  • obtain the consent of the relevant registered remittance network provider
  • be a registered independent remittance dealer or be in the process of applying for registration
  • provide information to AUSTRAC about their remittance business and key personnel
  • keep certain records about their business
  • obtain and keep national police certificates for key personnel.

Key personnel in the business need to obtain a national police certificate (or foreign equivalent), prior to a registration application being submitted to AUSTRAC.

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

Duration

Ongoing.

Fees

Fees Details for this service in table format.

Task Type Description
Apply Application

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

Forms

Task Resources
Apply Application for Registration as a Remittance Affiliate of a Registered Remittance Network Provider - Please consult the Contact Officer for information on forms to be submitted.

Act(s) name

Anti-Money Laundering and Counter-Terrorism Financing Act 2006 AG

Disqualified persons or entities

The following are not remittance service providers:

  • an authorised deposit taking institution
  • a bank
  • a building society
  • a credit union.

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)