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Remittance registration actions

Remittance Sector Register

Remittance service providers in Australia are required to apply to AUSTRAC for registration.

It is an offence to provide designated remittance services if an individual or business is not registered with AUSTRAC.

To check if a remitter is registered, please search the Remittance Sector Register (RSR).

AUSTRAC Chief Executive Officer (CEO) may suspend or cancel the registration of a designated remittance provider from the RSR if satisfied that it is appropriate to do so having regard to:

  • whether the continued registration of the person involves, or may involve, a significant money laundering, financing of terrorism or, people smuggling risk or other serious crime risk; or
  • one or more breaches by the person of a condition of registration; or
  • other matters as are specified in the Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No.1) (AML/CTF Rules).

Reconsideration of an AUSTRAC decision

Reviewable decisions are set out in section 233B of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act). A person affected by a reviewable decision may apply to the AUSTRAC CEO for the decision to be reconsidered. The application must be made within 30 days from when the applicant is informed of the decision.

Application to review an AUSTRAC decision (Word 71KB)

A remittance service provider whose registration is suspended under 59.2 of the AML/CTF Rules may apply to the AUSTRAC CEO for the decision to be reviewed.  The application must be made within 14 days after receiving the suspension notice.

Application to review an AUSTRAC decision to suspend registration (Word 78KB)

Suspension of registration of remittance providers

Actions to suspend registration on the RSR are undertaken pursuant to paragraph 59.2 of the AML/CTF Rules.

Date Entity name Notice
26 September 2014 Bisotel Rieh Pty Ltd

Notice of suspension of registration (Word, 104KB)

Notice of proposed decision to cancel registration (Word, 42KB)

19 September 2014 Bisotel Rieh Pty Ltd

Notice of suspension of registration (Word, 134KB)

17 September 2014 Bisotel Rieh Pty Ltd

Notice of suspension of registration (Word, 55KB)

Notice of commencement of action to cancel registration (Word, 79KB)

17 October 2014 AVSForex Pty Ltd

Notice of suspension of registration (Word, 60KB)

27 July 2015 Global Forex (Perth) Pty Ltd

Notice of suspension of registration (Word, 60KB)

15 December 2015 Weigang Li & Dongfang Tan (trading as Empire Milk Bar)

Notice not published

15 December 2015 Narinder Singh (trading as Star Link Travel) Notice not published
11 May 2016 Korea Pty Ltd Notice not published
11 May 2016 ToKorea Pty Ltd Notice not published
11 May 2016 Forex Sydney Pty Ltd Notice not published
30 May 2016 Vision Rehoboth Pty Ltd (trading as City Kowon) Notice not published
15 June 2016 Safir Pty Ltd (remittance network provider) Notice not published
15 June 2016 Safir Pty Ltd (independent remittance provider) Notice not published
15 June 2016 SMX Services Pty Ltd Notice not published
15 June 2016 Mujtaba Musawi Notice not published
29 July 2016 Mujtaba Musawi Notice not published
29 August 2016 Mujtaba Musawi Notice not published
5 April 2018 Wiky Australia Pty Ltd Notice not published

Refusal to renew the registration of remittance providers

Actions to refuse an application for renewal of registration on the RSR are undertaken pursuant to paragraph 70.9 of the AML/CTF Rules.

Date Entity name
27 July 2015 Global Forex (Perth) Pty Ltd
29 July 2016

Safir Pty Ltd (independent remittance provider)

Cancellation of registration of remittance providers

Actions to cancel registration on the RSR are undertaken pursuant to section 75G of the AML/CTF Act.

Date Entity name
14 April 2014 Fast Exchange Pty Ltd
14 July 2014 KMT Sydney Pty Ltd
8 October 2014 S K Trading (NSW) Pty Ltd
10 November 2014 Bisotel Rieh Pty Ltd
20 November 2014 AVSForex Pty Ltd
17 December 2014 Ocean Pass Finance Pty Ltd
3 February 2015 Moazo Pty Ltd
3 February 2015 Billion Trend Forex Pty Ltd
5 May 2015 FNF First National Finance Pty Ltd
26 August 2015 Estefa Milka Honores (American Cash Service)
28 September 2015 Sinoaust Pty Ltd
27 January 2016 Oakwood Sydney Pty Ltd
18 March 2016 Marco Traiding Pty Ltd
23 March 2016 Narinder Singh (trading as Star Link Travel)
12 April 2016 Yousif Murad
9 June 2016 Korea Pty. Ltd
9 June 2016 Forex Sydney Pty Ltd
27 June 2016 ToKorea Pty Ltd
29 June 2016 Vision Rehoboth Pty Ltd
29 July 2016 Safir Pty Ltd (remittance network provider)
29 July 2016 SMX Services Pty Ltd 
11 October 2016 Mujtaba Musawi
23 October 2017 Abdullah Mosawi
6 December 2018 Ghadir Group Pty Ltd
6 December 2018 Treasure Chest Trading Pty Ltd

Cancellations/refusals revoked by AUSTRAC

Date (if applicable) Entity name Further action
17 December 2015 Estefa Milka Honores (American Cash Service) Registered with conditions imposed
24 October 2017 Global Forex (Perth) Pty Ltd Registered with conditions imposed
Last modified: 11/01/2019 11:06