🪪 ID Requirements
ID Requirements for Currency Exchange
Valid identification is required for all foreign currency transactions. This is a legal requirement under AUSTRAC's AML/CTF regulations.
🛂✓ Accepted
Australian Passport
Must be current (not expired)
🪪✓ Accepted
Driver's Licence
Australian state-issued, current
🌍✓ Accepted
Foreign Passport
Current, with valid visa if applicable
🪪✓ Accepted
ImmiCard / Visa
Government-issued, current
💳✗ Not Accepted
Student ID
Not accepted as primary ID
📄✗ Not Accepted
Utility Bills
Not accepted as primary ID
Why Do We Require ID?
Aussie Money Xchange is registered with AUSTRAC (Australian Transaction Reports and Analysis Centre) as a remittance service provider. Under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act), we are required to:
•Verify the identity of all customers
•Keep records of all transactions and customer identification
•Report suspicious transactions to AUSTRAC
•Conduct customer due diligence for transactions above certain thresholds
📋 What Information We Collect
✓Full legal name
✓Date of birth
✓Residential address
✓ID document type
✓ID document number
✓ID expiry date
✓Contact phone number
✓Email address
✓Purpose of transaction
✓Source of funds