Atlas Currency Exchange : Download Product Disclosure Statements

It is a legal requirement that you can access the Financial Services Guide and Product Disclosure Statement before making a foreign currency transaction.

Please click on links below to download pdfs of the FSG & PDS :

• Download Atlas Terms Financial Services Guide and Product Disclosure 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.