About Us

Atlas Currency Exchange can offer very competitive rates on a range of your foreign exchange requirements.

Aside from Australian Banks, Atlas Currency Exchange is the only “born and bred” Australian Company holding an Australian Financial Services Licence that can perform all foreign currency contracts (including Forward and Spot), provide American Express Global Travel Cards and also fulfill Foreign Cash Currency Orders.

Operating retail foreign currency exchange for the past 9 years, Atlas Currency Exchange has responded to requests from retail and business customers to perform International Money Transfers as an alternative to the larger institutions. We look forward to this opportunity to provide you with quotes and assist you in your settlements and cash requirements.

Whether you seek to perform a one-off personal transaction or meet regular business settlements, our FX dealers will be happy to assist you with low rates and exceptional service.

In keeping with our motto “Money Matters …”, we will ensure you get the best deal with personalised and hassle-free service.

Call or email us for a quote today.

Atlas Currency Exchange proudly supporting Make-A-Wish° Australia in 2012.

# AML/CTF Policy Statement...

AML Policy Statement

The fight against Money Laundering is a priority for Atlas Currency Exchange. We are at the forefront and recognize that the fight against Money Laundering and Terrorist Financing is a combined effort.

Atlas support the major International Organisations which collectively set and enforce standards for Anti-Money Laundering and Counter-Terrorist Financing policies and programs such as FATF, UN, The EU, The Organization of American States (OAS), The Office of Foreign Assets Control (OFAC) and the Local Regulatory Authorities such as AUSTRAC (Australian Transaction Reports and Analysis Centre).

Atlas Currency Exchange is committed to the highest standards of Anti Money Laundering (AML) and Counter-Terrorist Financing (CTF) compliance and requires its management and its employees to adhere to these principles to prevent the use of its products and services for money laundering and terrorist financing purposes, to safeguard the interest of its customers, management, shareholders, employees and the general community. On an annual occurrence, we are subject to an external Compliance and Financial Audit that is then communicated back to ASIC (Australian Securities and Investments Commission) and AUSTRAC as part of our Australian Financial Services Licence (AFSL 342627)

Adherence to the Atlas Currency Exchange Anti-Money Laundering and Counter-Terrorist Financing Program is the responsibility of all employees. The program is formulated and directed by the Risk & AML Compliance Unit of the company. The program includes client screening through the Live Online Sanctions Check, Know Your Customer (KYC) and Customer Due Diligence (CDD) procedures comprising the requirement to establish the identity of beneficial owners, monitoring of client activity, record keeping, reporting of suspicious circumstances and large threshold transactions in accordance with relevant laws, and mandatory training for all employees.

AML Initiatives in Atlas Currency Exchange

Atlas Currency Exchange in its endeavours recognizes the importance of combating Money Laundering and Terrorist Financing activities and has established effective controls and procedures in its financial operations. Atlas Currency Exchange has established its AML/CTF policies and procedures compliance manual that is in line with the Anti-Money Laundering and Counter Terrorist Financing laws of Australia (controlled by AUSTRAC). Strict observance to its KYC/CDD norms is maintained along with additional controls and efforts to train all staff members on a regular basis. All new staff, regardless of the department they are hired to work for, are provided training on AML/CTF/KYC/CDD compliance on employment commencement and are subject to examinations to test their knowledge on these aspects.

AML/CTF Framework and Controls

Atlas Currency Exchange’s AML/CTF framework includes policies and controls designed to ensure products and services are not to be used by those engaged in criminal activity, money laundering or terrorism financing. The controls are designed to assist in the identification, prevention and detection of money laundering and terrorism financing. The Group maintains risk based systems to monitor and detect suspicious customer activity, and where required, report suspicious transactions to the relevant authorities, namely AUSTRAC.

Customer Identification Procedures

The Group has implemented risk based controls and processes for the purposes of complying with customer identification requirements. This includes a requirement to collect and verify customer information as required by local laws and regulations. Ongoing customer due diligence and enhanced customer due diligence is conducted on high risk customers. The Group is required by law to retain records of customer identification for seven years from the date in which an account is closed.