AUSTRAC’s recent action against Virtual Asset Service Providers and Independent Remittance Providers

AUSTRAC’s focus on the payments sector continues as it takes action in relation to the registration of Virtual Asset Service Providers (“VASPs”) and independent remittance dealers. AUSTRAC has cancelled, suspended or refused the renewal of 45 entities during the past year. AUSTRAC’s action focuses on reporting entities that:

lacked operational cap...

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Alicia Pevely

An integral member of the Sophie Grace team since 2012, Alicia has extensive experience in relation to financial services law, consumer credit law, regulatory matters and ASIC investigations. Working closely with her clients, Alicia has maintained a significant emphasis on AFS and credit licensing and liaising with ASIC. As General Manager, Alicia has oversight of all licence applications and provides advice and support in relation to more complex applications.

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