Registered Digital Currency Exchange with AUSTRAC.
PIPTLE Wealth Management Pty Ltd is a Registered Digital Currency Exchange with AUSTRAC and are bound by Australian law to ensure we provide a service that does not facilitate money laundering or terrorism financing.
AUSTRAC requires PIPTLE to have an AML Program in place before operations can take place. PIPLTE has provided AUSTRAC with the AML Policy. The AML Policy includes various programs such as Anti-Money Laundering (AML), Counter-Terrorism Financing (CTF) and Fraud Prevention. The AML Program is designed to help monitor, detect, prevent, and report financial crimes and suspicious activities.
These programs are developed with a Risk based approach that ties to Piptles overall Risk Management approach.
Who is AUSTRAC?
What is Money Laundering?
What is Counter-Terrorism Financing?
As we take managing risk very seriously at PIPezi we look to limit users from countries that are deemed to be high risk for instances of money launching and terrorism funding. The Anti Money Laundering and Counter Terrorism Financing Act 2006, lists each of the following countries as declared to be a prescribed foreign country to be restricted for the purposes of that Act. As such we do not accept any registration of users or any membership from persons residing in any of these listed countries or having provided identification including passports from these countries: