Anti-Money Laundering and Counter Terrorism Financing (AML/CTF) Policy

19th of August 2024

As a registered entity with AUSTRAC, Liquid Noble is required to adhere to relevant Australian laws, specifically the AML/CTF Act, to prevent money laundering, terrorism financing, and fraud.

Understanding Money Laundering and Terrorism Financing

  • Money Laundering involves processing illicit profits in ways that mask ownership and make the funds appear to have come from legitimate sources.
  • Terrorism Financing includes the financing of terrorist acts, terrorists, and terrorist organizations.

Our Obligations

To fulfill our obligations under Know Your Customer (KYC), ongoing customer due diligence, and transaction monitoring requirements, we collect personal or business information to verify your account and assess any associated risks. Where we identify any suspicious activities, such as potential involvement in money laundering, terrorism financing, or other illegal actions, we are required to report them to AUSTRAC or other relevant authorities to ensure compliance with Australian regulations.

Liquid Noble implements various measures to monitor, detect, and prevent money laundering, terrorism financing, and fraud. We assess risks continuously and take necessary actions to mitigate potential threats.