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Money Remitters

Payments Businesses

PSPs, MTOs & FX dealers

Do you need assistance establishing and maintaining a payments business in Australia?  We act for:

  • Payments service providers (PSPs)
  • Money Remitters and money transfer organisations (MTOs)
  • Phone-based group payments application providers (FinTechs)
  • Acquirers – banks acquirers and acquirers of stored value in ewallets
  • Payment Gateway providers

How we can help

 

Checklist to help Money Remitters, Money Transfer Operators and Payment Services

This 1-page checklist highlights key regulatory and legal issues to consider when setting up in Australia.

 

The Payments Compliance Forum

Because we act for so many participants in the payments industry, we run quarterly face-to-face and online compliance forums for FX & remittance businesses.  The Director of Compliance, Remitters at AUSTRAC also attends as a guest speaker at these forums.

Sign up to the HN Hub to attend our forums or contact us to find out more.

Our latest updates for Payments Businesses

Blog update
Blog update
RG 271 – Are you ready for the new Internal Dispute Resolution (IDR) requirements?

  The Australian Securities and Investments Commission (ASIC) released Regulatory Guide 271: Internal Dispute Resolution (RG 271) on 30 July 2020.  ASIC’s internal dispute resolution (IDR) reporting requirements will come…

Blog update
Blog update
Complying with your AML/CTF obligations

AUSTRAC Action: The Westpac Case AML/CTF obligations - A case study: Australian Transaction Reports and Analysis Centre (AUSTRAC) made national and international headlines on 20 November 2019, when it applied…

Latest insight
Latest insight
Section 30 and Section 33 Notices – ASIC’s Power to Compel Production of Books

The Australian Securities and Investments Act 2001 (Act) gives ASIC the power to issue section 30 and section 33 notices compelling the production of certain books. Section 30 and section…