A remittance service provider is an individual, business or organisation that accepts instructions from customers to transfer money or property to a recipient. Remittance service providers are also known as ‘money transfer businesses’.

Remittance service providers must be registered and enrolled with AUSTRAC.

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Core obligations

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AML/CTF programs Read more
Customer identification and verification Read more
Reporting Read more
Record-keeping Read more
Preventing financial crime using a risk-based approach Read more

Guidance and resources

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Financial crime guide
Combating the exploitation of international students as money mules Read more
Financial crime guide
Combating the sexual exploitation of children for financial gain Read more
Risk assessment
Independent remittance dealers in Australia risk assessment 2022 Read more
Risk assessment
Remittance network providers and their affiliates in Australia risk assessment 2022 Read more
Financial crime guide
Preventing the exploitation of emergency and disaster support payments Read more
Financial crime guide
Preventing misuse and criminal communication through payment text fields Read more

Latest industry news and updates

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4 September 2024
How businesses can help protect children
Picture this: You’re a financial services provider who has observed a sudden escalation in payments by a client to an overseas account. The…
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2 May 2024
Second stage consultation on reforming Australia’s AML/CTF regime is now open
The Attorney-General’s Department has launched the second stage consultation and they are seeking your feedback by COB 5:00 pm AEST Thursday 13 June 2024.
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3 January 2024
It’s time to get started on your 2023 compliance report
You can submit your 2023 compliance report from 1 January to 31 March 2024. The report covers important areas of anti-money laundering and counter…
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