AML/CTF Legislation

The Australian Transaction Reports and Analysis Centre (AUSTRAC) is Australia's anti-money laundering and counter-terrorism financing (AML/CTF) regulator. AUSTRAC's purpose is to detect and counter money laundering and the financing of terrorism.

In order to comply with AUSTRAC regulations, we are required to verify each customer's name, residential address and date of birth from:

1. an original or certified copy of a primary photographic identification document or;

2. both:

   1. an original or certified copy of a primary non-photographic identification document; and
   2. an original or certified copy of a secondary identification document;

We are required also to verify that any document produced by the customer has not expired (other than in the case of a passport issued by the Commonwealth that expired within the preceding two years.).

A primary non-photographic identification document is any of the following:

1. a birth certificate or birth extract issued by a State or Territory;
2. a citizenship certificate issued by the Commonwealth;
3. 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;
4. a birth certificate issued by a foreign government, the Unite Nations or an agency of the United Nations that, if it is written in a language that is understood by the person carrying out the verification, is accompanied by an English translation prepared b an accredited translator;
5. a pension card issued by Centrelink that entitles the person in whose name the card is issued, to financial benefits.

A primary photographic identification document is any of the following:

1. a license 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 that person in whose name the document is issued;
2. a passport issued by the Commonwealth;

3. a passport or a similar document issued for the purpose of international travel, that:

   1. contains a photograph and the signature of the person in whose name the document is issued;
   2. is issued by a foreign government, the United Nations or an agency of the United Nations; and
   3. 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
4. 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.

5. a national identity card issued for the purpose of identification, that:

   1. contains a photograph and the signature of the person in whose name the document is issued;
   2. is issued by a foreign government, the United Nations or an agency of the United Nations; and
   3. 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 secondary identification document is any of the following:

1. a notice that:

   1. was issued to an individual by the Commonwealth, a State or Territory within the preceding 12 months;
   2. contains the name of the individual and his or her residential address; and
   3. records the provision of financial benefits to the individual under a law of the Commonwealth, State or Territory (as the case may be)

2. a notice that:

   1. was issued to an individual by the Australian Taxation Office within the preceding 12 months;
   2. contains the name of the individual and his or her residential address; and
   3. records a debt payable to or by the individual by or to (respectivel
   4. the Commonwealth under a Commonwealth Law relating to taxation;

3. a notice that:

   1. was issued to an individual by a local government body or utilities provider within the preceding three months;
   2. contains the name of the individual and his or her residential address; and
   3. records the provision of services by that local government body or utilities provider to that address or that person.