Are transfers to and from Australia reported to AUSTRAC?

Yes. Our Australian entity is a registered independent remittance dealer, and as such we comply with all applicable regulations and report transactions into and out of the country to AUSTRAC (the Australian Transaction Reports and Analysis Centre) as required.

This reporting is handled by us as part of operating a licensed remittance service — you don't need to do anything extra for it. We only ask for the information we're required to collect to meet these obligations.

For any taxation implications on either side of your transfer, we suggest you consult your accountant or tax adviser.