The Anti-Money Laundering and Counter-Terrorism Financing Act (AML/CFT Act) is an important act in the Australian financial system. The Australian Transaction Reports and Analysis Centre (AUSTRAC) is the regulator of anti-money laundering and counter-terrorist financing activities in Australia.

To maintain the stability of the Australian financial system, cooperate with the Australian Transaction Reports and Analysis Center (AUSTRAC) to conduct supervision. As an independent remittance service provider registered with the Australian Transaction Reports and Analysis Center (AUSTRAC), BCR Ex Co is obliged to carry out:

• Conduct identity verification and due diligence on all customers
• Submit complete transaction records to the Australian Transaction Reports and Analysis Center (AUSTRAC)
• Conduct anti-money laundering and anti-terrorism financing risk awareness training for internal employees
• Report suspicious customers and transactions