Foreign Exchange Central is registered with Australian Securities and Investments Commission (ASIC).
Foreign Exchange Central is also authorized and regulated by Australian Transaction Reports and Analysis Centre(AUSTRAC).
AUSTRAC is Australia's anti-money laundering and counter-terrorism financing regulator
and specialist financial intelligence unit. AUSTRAC's purpose is to protect the
integrity of Australia's financial system and contribute to the administration of
justice through expertise in countering money laundering and the financing of terrorism.
AUSTRAC operates with two important roles:
AUSTRAC oversees the compliance of Australian businesses, defined as 'reporting
entities', with their requirements under the Anti-Money Laundering and Counter-Terrorism
Financing Act 2006 and the Financial Transaction Reports Act 1988.
In its intelligence role, AUSTRAC provides financial information to state, territory
and Australian law enforcement, security, social justice and revenue agencies, and
certain international counterparts.