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AML/CTF Compliance Statement

Getcoins.com.au is operated by BA Digital Ventures Pty Ltd (ACN 646 421 605, ABN 30 646 421 605), an Australian company registered with ASIC and enrolled with AUSTRAC as a Digital Currency Exchange (DCE).

We are committed to full compliance with Australia's Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) and AUSTRAC's AML/CTF Rules.

Our Commitments

Know Your Customer (KYC)

All customers must complete identity verification before using our services. We verify identity documents and conduct risk assessments in line with regulatory requirements.

Know Your Transaction (KYT)

We use blockchain analytics and transaction monitoring to detect suspicious activity. Every transaction is screened for compliance with Australian law and international sanctions.

Reporting

We submit Suspicious Matter Reports (SMRs) and Threshold Transaction Reports (TTRs) to AUSTRAC as required by law. Our team is trained to identify and report potential financial crimes.

Risk-Based Approach

Our AML/CTF Program includes:

  • Customer due diligence for all users
  • Enhanced due diligence for high-risk cases
  • Regular reviews and updates to our compliance framework
  • Ongoing monitoring of customer transactions
  • Annual risk assessments

Record Keeping

Identification and transaction records are retained securely for a minimum of 7 years, in compliance with Australian law. All data is protected with industry-standard encryption and access controls.

Training

Staff are trained annually on AML/CTF obligations and emerging financial crime risks. We maintain a culture of compliance throughout our organization.

Non-Custodial Model

Getcoins provides services on a non-custodial basis. Customers retain full control of their funds at all times. We do not operate custodial wallets or accounts.

This model ensures that:

  • You always have direct control of your cryptocurrency
  • We never hold your funds on your behalf
  • Transactions are processed directly between you and the blockchain

Commitment to Security and Integrity

We work with trusted providers for KYC, compliance, and blockchain monitoring. Our systems are designed to protect against money laundering, terrorism financing, fraud, and other financial crimes.

We continuously update our processes to stay ahead of emerging threats and maintain the highest standards of security and compliance.

AML/CTF Compliance Officer

For more information or compliance-related inquiries, please contact our AML/CTF Compliance Officer at:

[email protected]

Getcoins

Australia's trusted crypto on/off ramp platform.

BA Digital Ventures Pty Ltd
ACN 646 421 605
ABN 30 646 421 605

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