In Australia, all financial institutions and investment platforms are legally required to conduct Know Your Customer (KYC) procedures before allowing clients to invest or trade.

KYC is a critical part of theAustralian Anti-Money Laundering (AML) and Counter-Terrorism Financing Act (CTF) regulations enforced by the Australian Securities & Investment Commision (ASIC).

1 - Verify the investor’s identity

Ensuring that all clients are genuine individuals or legitimate entities.

2 - Prevent illegal activities

Such as money laundering, terrorism financing, fraud, or other financial crimes.

3 - Protect investors and the financial system

By maintaining transparency and accountability in all financial transactions.

4 - Ensure compliance with ASX and ASIC standards

As part of Australia’s commitment to maintaining a safe, trusted, and globally respected financial market.

2 - Prevent illegal activities

such as money laundering, terrorism financing, fraud, or other financial crimes.

Official identification (e.g. Proof Of Age Card, Driving Licence Or Passport)

Source of funds or income declaration (for higher-value transactions)

By completing KYC, investors help protect the integrity of Australia’s financial ecosystem — ensuring that all investments are conducted securely and in compliance with regulatory requirements.