Remittance registration actions

Remittance Sector Register

Remittance service providers in Australia are required to apply to AUSTRAC for registration.

It is an offence to provide designated remittance services if an individual or business is not registered with AUSTRAC.

To check if a remitter is registered, please search the Remittance Sector Register (RSR).

AUSTRAC Chief Executive Officer (CEO) may suspend or cancel the registration of a designated remittance provider from the RSR if satisfied that it is appropriate to do so having regard to:

  • whether the continued registration of the person involves, or may involve, a significant money laundering, financing of terrorism or people smuggling risk; or
  • one or more breaches by the person of a condition of registration; or
  • other matters as are specified in the AML/CTF Rules.

A person affected by the cancellation of a registration has 30 days from when they are informed of the decision to apply to the AUSTRAC CEO for the decision to be reconsidered.

Suspension of registration of remittance providers

Actions to suspend registration on the RSR are undertaken pursuant to paragraph 59.4 of the Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No.1) (AML/CTF Rules).

Date Entity name Notice
26 September 2014 Bisotel Rieh Pty Ltd

Notice of suspension of registration (Word, 104KB)

Notice of proposed decision to cancel registration (Word, 42KB)

19 September 2014 Bisotel Rieh Pty Ltd

Notice of suspension of registration (Word, 134KB)

17 September 2014 Bisotel Rieh Pty Ltd

Notice of suspension of registration (Word, 55KB)

Notice of commencement of action to cancel registration (Word, 79KB)

17 October 2014 AVSForex Pty Ltd

Notice of suspension of registration (Word, 60KB)

27 July 2015 Global Forex (Perth) Pty Ltd

Notice of suspension of registration (Word, 60KB)

15 December 2015 Weigang Li & Dongfang Tan (trading as Empire Milk Bar)

Notice not published

15 December 2015 Narinder Singh (trading as Star Link Travel) Notice not published
11 May 2016 Korea Pty Ltd Notice not published
11 May 2016 ToKorea Pty Ltd Notice not published
11 May 2016 Forex Sydney Pty Ltd Notice not published
30 May 2016 Vision Rehoboth Pty Ltd (trading as City Kowon) Notice not published
15 June 2016 Safir Pty Ltd (remittance network provider) Notice not published
15 June 2016 Safir Pty Ltd (independent remittance provider) Notice not published
15 June 2016 SMX Services Pty Ltd Notice not published
15 June 2016 Mujtaba Musawi Notice not published
29 July 2016 Mujtaba Musawi Notice not published
29 August 2016 Mujtaba Musawi Notice not published

Refusal to renew the registration of remittance providers

Actions to refuse an application for renewal of registration on the RSR are undertaken pursuant to paragraph 70.9 of the Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 1) (AML/CTF Rules).

Date Entity name
27 July 2015 Global Forex (Perth) Pty Ltd
29 July 2016

Safir Pty Ltd (independent remittance provider)

Cancellation of registration of remittance providers

Actions to cancel registration on the RSR are undertaken pursuant to section 75G of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act).

Date Entity name
14 April 2014 Fast Exchange Pty Ltd
14 July 2014 KMT Sydney Pty Ltd
8 October 2014 S K Trading (NSW) Pty Ltd
10 November 2014 Bisotel Rieh Pty Ltd
20 November 2014 AVSForex Pty Ltd
17 December 2014 Ocean Pass Finance Pty Ltd
3 February 2015 Moazo Pty Ltd
3 February 2015 Billion Trend Forex Pty Ltd
5 May 2015 FNF First National Finance Pty Ltd
26 August 2015 Estefa Milka Honores (American Cash Service)
28 September 2015 Sinoaust Pty Ltd
27 January 2016 Oakwood Sydney Pty Ltd
18 March 2016 Marco Traiding Pty Ltd
23 March 2016 Narinder Singh (trading as Star Link Travel)
12 April 2016 Yousif Murad
9 June 2016 Korea Pty. Ltd
9 June 2016 Forex Sydney Pty Ltd
27 June 2016 ToKorea Pty Ltd
29 June 2016 Vision Rehoboth Pty Ltd
29 July 2016 Safir Pty Ltd (remittance network provider)
29 July 2016 SMX Services Pty Ltd 
11 October 2016 Mujtaba Musawi

Cancellations revoked by AUSTRAC

Date (if applicable) Entity name Further action
17 December 2015 Estefa Milka Honores (American Cash Service) Registered with conditions imposed

 


Removal from Register of Providers of Designated Remittance Services

Pursuant to paragraph 44.2 of the AML/CTF Rules the AUSTRAC Chief Executive Officer (CEO) may remove a person's name and registrable details from the Register of Providers of Designated Remittance Services (PDRS) if he is of the opinion that the consequences of keeping that person's name and registrable details on the Register of PDRS constitute an unacceptable money laundering or terrorism financing risk.

It is an offence, under subsection 74(2) of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006, for a person to provide a registrable designated remittance service if the person's name and registrable details are not entered on the Register.

Once the AUSTRAC CEO has removed a person's name and registrable details from the Register of PDRS the AUSTRAC CEO must within seven days give the person written notice of the removal.

Names removed from Register of Providers of Designated Remittance Services :

Date Entity name
14 October 2010 Thi Kim Hong Tran
12 January 2011 Cyril Ihemeje
Last modified: 18/10/2016 12:32