Unlocking Digital Signature Legitimateness for Financial Services in Australia

How to eSign a document: digital signature legitimateness for Financial Services in Australia

[Music] welcome back to the final video in our remittance and digital currency exchange series in this video we are going to cover the ongoing compliance obligations for both remittance and digital currency exchange providers as we have covered in our previous videos once you have successfully registered with odds track you will be required to meet ongoing compliance obligations what are your aml ctf obligations as a remittance service provider or digital currency exchange provider you are required by law to adopt and maintain procedural documentation to address the obligations imposed by the anti-money laundering counter-terrorism financing act and the rules so what are the obligations it's a long list but we will give you a bit of an idea maintaining an aml ctf program notifying oztrack of any changes or updates to your oztrack registration conducting regular internal and independent compliance reviews of your aml ctf program and business operations reporting various transactions to austrac such as international funds transfer instructions suspicious matters and threshold transactions [Music] conducting know your customer procedures sometimes called kyc and completing aml ctf risk assessments for each of your clients conducting enhanced customer due diligence conducting enhanced customer due diligence procedures and if you are a remittance network provider you will also have to conduct certain transaction reporting on behalf of the affiliates in your remittance network it can be a daunting task ensuring your business is compliant but this is where we come in we can assist with documenting all aspects of your compliance regime in order to ensure you meet the requirements under the aml ctf act and rules sophie grace can provide you with an aml ctf program tailored to your business's needs alternatively for those looking to save some money you can purchase our aml ctf program template through our online shop and customize it to your business if you would like further information on how we can assist your business with ongoing compliance our contact details are included below don't forget to like this video and subscribe to our channel so you don't miss out on our next video series [Music]