AML Policy

Since March 2020 Block Trade Exchange (“BTX”) has become a Registered Digital Currency Exchange, we are bound by Australian law to ensure the service we provide does not facilitate money laundering or terrorism financing.

Through an AML Program we have various Anti-Money Laundering (AML), Counter-Terrorism Financing (CTF) and Fraud Prevention measures in place which set the core principles for the management of risk. The AML Program is designed to help monitor, detect and prevent financial crimes.

As part of complying with AUSTRAC’s reporting guidelines, we will report any event suspected to be involved with Money Laundering, Proceeds of Crime, Counter- Terrorism Financing or Fraud.

We endeavour to comply with all Know Your Customer (KYC) regulations. Accordingly, we will take steps to identify you when you elect to transact on the BTX Exchange. These measures are in place to protect both you and the broader community of Australia.

What is Money Laundering?

Money Laundering is a term used to describe the process by which criminals conceal the origins of money obtained illegally, by making such proceeds appear to have been derived from a legitimate source.

What is Counter-Terrorism Financing?

Counter-Terrorism Financing is a term used to describe the process by which criminals try to collect or provide funds with the intention that they should be used to carry out a terrorist act by a terrorist or a terrorist organisation.


AUSTRAC is an Australian Government Financial Intelligence Agency responsible for detecting, deterring and disrupting criminal abuse of the financial system to protect the community from serious and organised crime.