FAQ | Contact Register Log in Personal Transfers Business Transfers Market Data Home Money Laundering Statement Privacy Policy Financial Services Guide Product Disclosure Statement Terms of Use Money Laundering Statement - OzForex Pty Ltd The prevention of money laundering is a key focus of regulatory authorities in developed countries. The prevention of money laundering inhibits the movement of funds derived from criminal activity and restricts the availability of money to fund terrorist activities. OzForex is committed to preventing money laundering through its service and complies with regulatory requirements including: Identifying clients Monitoring and reporting suspicious transactions Maintaining records for at least five years Training staff to recognise suspicious transactions and be aware of their reporting obligations Depending on the origins of clients, OzForex may report suspicious activity to regulatory authorities in one or more countries. OzForex reserves the right to collect identification from any client prior to OzForex paying out the proceeds of a client's transaction. In general, we collect identification in the form of a copy of a passport/drivers license and a signed bank statement showing your current residential address. OzForex may also validate the residential/business address provided at registration by posting an Activation Code to that address. Clients should assume all information provided to OzForex is available to regulatory authorities in both the country of origin of the funds, and the destination country of the funds. OzForex will not accept payment by credit card or debit card. OzForex will not accept cash in payment for foreign exchange transfers. OzForex will only pay into a bank account at the receiving end. It will not pay out cash under any circumstances. OzForex reserves the right to refuse to process a transfer at any stage, where it believes the transfer to be connected in any way to money laundering or criminal activity. OzForex is prohibited from informing a client that they have been reported for suspicious activity. OzForex is obliged to report all suspicious transactions. By misusing the service you may face criminal prosecution as we are bound to automatically report such behaviour to the authorities. Examples of misuse include, but are not limited to; Breaking a large transaction into smaller transactions to avoid reporting Providing false or misleading contact details Providing false identification documents OzForex does not want your business if the funds are sourced from criminal activity or the nature of the transaction is illegal in any way. © 2010 Copyright OzForex Pty Ltd Money Laundering Statement | Privacy Policy Financial Services Guide | Product Disclosure Statement | Terms of Use The International Money Transfers ("IMT") service is provided by OzForex Pty Ltd, ABN 65 092-375-703, ("OzForex") Australian Financial Services Licence No. 226484. Any reference on this page to "we", "us", or "our" is a reference to OzForex. Where information is provided on this website, it has been prepared by OzForex without considering the investment objectives, financial situation and particular needs of any person. Before acting on any general advice on this website, you should consider its appropriateness to your circumstances. To the extent permitted by law, OzForex makes no warranty as to the accuracy or suitability of this information and accepts no responsibility for errors or misstatements, negligent or otherwise. Any quotes given are indicative only. The information may be based on assumptions or market conditions and may change without notice. No part of the information is to be construed as solicitation to make a financial investment. OzForex is a subsidiary of Macquarie Equities Limited, ABN 41 002 574 923 ("MEL"), Australian Financial Services Licence No. 237504. A copy of MEL's Financial Services Guide is available here.If you use the IMT service, OzForex will pay MEL a referral fee, and MEL's representatives commission. These benefits may be based on a percentage of OzForex's fees and margins in relation to transactions you conduct using the IMT service. For further details, refer to OzForex's Financial Services Guide. Neither MEL or OzForex are an authorised deposit-taking institution for the purposes of the Banking Act (Commonwealth of Australia) 1959, and their obligations do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542. Macquarie Bank Limited does not guarantee or otherwise provide assurance in respect of the obligations of MEL or OzForex. Disclosure of Referral Commission Payments: OzForex has a referral agreement with MEL pursuant to which OzForex is paid a referral fee by MEL in relation to term deposit clients referred by OzForex . The referral fee is a trailing commission of 0.25% per annum calculated on the average daily balance of term deposits.