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Independent remittance dealer suspended

2 June 2016

AUSTRAC has suspended the registration of Vision Rehoboth Pty Ltd, trading as City Kowon, as an independent remittance dealer on the Remittance Sector Register, meaning it is now illegal for the business to provide remittance services. 

The registration of this money transfer business was suspended on 30 May 2016, after it was determined that it was failing to comply with its AML/CTF reporting obligations.

Vision Rehoboth Pty Ltd can apply for review of this decision.

Further inofrmation about enforcement action in the remittance sector can be found on the Remittance registration actions page.

Last modified: 11/07/2017 16:02