In Australia, Travel Rule requirements are set forth in the AML/CTF Act, and further specified in the AML/CTF Rules, together the "Regulations".
Threshold
Amount | Currency | Source |
N/A | N/A | N/A |
Crypto asset transfers are always subject to the same scope of obligations. This means that the scope of information that needs to be transmitted does not vary depending on transaction amount.
Required Originator and Beneficiary information vs Notabene system for natural person
By default, the system applies cross-border requirements to all transactions. Where the transfer of value is domestic and the ordering institution transmits the transfer message via BECS, BPAY, or DEFT, only tracing information is required. The system assumes this domestic condition is not met.
Party to the TX | Information (*) | IVMS field | Required? (*) |
Originator | Full name |
| Yes |
Originator | Wallet address |
| Yes |
Originator | Residential address |
| OR |
Originator | Unique identifier |
| OR |
Originator | Unique customer identification number |
| OR |
Originator | Date and place of birth |
| OR |
Beneficiary | Name |
| Yes |
Beneficiary | Wallet address |
| Yes |
(*) According to Section 8-3 of the AML/CTF Rules.