May 25, 2022

Australia – Payments Regulatory Landscape

OVERVIEW OF PAYMENTS Licence Definitions/ Descriptions References The Australian Transaction Reports and Analysis Centre (AUSTRAC) registers remittance service providers as one or more of the following: Remittance network provider (RNP) Affiliate of a remittance network provider Independent remittance dealer. (AUSTRAC issues a separate registration for each type of remittanceservice provider.) Some remitters may need an Australian financial…