AUSTRAC DCE - AUSTRALIA
Crypto-regulated company to start business in Oceania
From price
from EUR 16,500
Timeline
from 3 months
On this page
Quick facts
Regulator / authority
Australian Transaction Reports and Analysis Centre (AUSTRAC)
Coverage
Exchange of digital currency for fiat (and vice versa), wallet storage
Best for
Operate as a crypto exchange or as an OTC crypto desk with such a type of company easily
Local presence
Required (Australian entity)
Substance level
Medium (the company should have a local address; the director can be a foreigner or local with the necessary qualifications; a qualified compliance officer should be Australian from March 2026)
Banking friendliness
High
Who this is for
Best fit
- Hold crypto temporarily for exchange purposes
- Facilitate buy/sell transactions
- Run crypto exchange without big share capital requirements
- On-ramp and off-ramp services in one place
What you can do (scope)
- Exchange crypto ↔ fiat
- Exchange crypto ↔ crypto
- Operate a crypto brokerage
- Operate an OTC crypto desk
- Facilitate buy/sell transactions
- Hold crypto temporarily for exchange purposes
- On-ramp / off-ramp services
Requirements overview
Company & presence
The legal entity should be registered in Australia, and a local Australian address should be provided. It's necessary to have an Australian-qualified director
Key persons / governance
1 shareholder, 1 director, 1 compliance officer (should be local from March 2026)
Capital / safeguarding / bonds
Minimum capital: 1 AUD
AML/CTF baseline expectations
Risk assessment and management matrix; red flag indicator sheet; AML/CTF program; client identification and verification procedures
Reporting / audits
Suspicious Matter Reports (SMR); Threshold Transaction Reports (TTR); International Funds Transfer Instructions (IFTI); Independent AML/CTF audit (key requirement); Record-keeping requirements (KYC/CDD records, AML/CTF Program versions, training records)
Process (end-to-end steps)
Step 1: Eligibility & scope mapping
Confirm your activities fall under AUSTRAC designated services and whether AFSL is also needed
Step 2: Entity setup
Register an Australian company (e.g. with ASIC) and secure a local address
Step 3: Documentation pack
Corporate documents for the legal entity (certificate of registration of a Company, share certificate, constitution, etc.); risk assessment and management matrix; red flag indicator sheet; AML/CTF program; client identification and verification procedures
Step 4: AUSTRAC registration
Submit DCE registration and respond to AUSTRAC queries
Step 5: Compliance program
Implement and maintain AML/CTF program, reporting, and record-keeping
Step 6: Ongoing compliance
Meet SMR, TTR, IFTI obligations and independent audit requirements
What's included in our support
- Advising on your AUSTRAC application
- Registration of legal entity with ASIC (Australian Securities and Investments Commission)
- Preparation of corporate documents for legal entity (certificate of registration of a Company, share certificate, constitution, etc.) and AML documents (risk assessment and management matrix; red flag indicator sheet; AML/CTF program; client identification and verification procedures)
- Legal address for 1 year
FAQ
AUSTRAC is Australia's AML/CTF regulator supervising money services, payments, remittances, and crypto exchanges
Ready to get started?
Discuss your license and timeline with our team. We'll get back to you within 24 hours.