Registration as a remittance service provider (Australia)
The Registration as a remittance service provider (remittance network provider or independent remittance dealer) is issued by Australian Transaction Reports and Analysis Centre (AUSTRAC) under Anti-Money Laundering and Counter-Terrorism Financing Act 2006. The application fee is AUD 0 (no government application fee). Ownership changes need the regulator's approval before completion.
At a glance
| Official name | Registration as a remittance service provider (remittance network provider or independent remittance dealer)1 |
|---|---|
| Also known as | RSP · RNP · IRD · Remittance network provider registration · Independent remittance dealer registration · AUSTRAC remittance registration · Australian remittance licence |
| Issued by | Australian Transaction Reports and Analysis Centre |
| Jurisdiction | Australia |
| Licence family | Money transmitter / money services business (MSB) |
| Legal basis | Anti-Money Laundering and Counter-Terrorism Financing Act 20061 Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 20242 |
| Passporting | Domestic only |
| Application fee | AUD 0 (no government application fee)3 |
What it lets you do
| Money remittance | Receiving funds from a payer solely to transfer them to a payee or another provider, without opening payment accounts. |
|---|---|
| Currency exchange | Buying and selling foreign currency for customers, in cash or electronically, as a bureau de change or FX service. |
Where it is valid
Buying a company that already holds it
Notification only. No percentage-based ownership threshold applies. Registered remittance providers and VASPs must notify AUSTRAC of any change to beneficial owners or key personnel: including new personnel's police checks and any criminal/civil enforcement history: within 14 days of the change, via AUSTRAC Online. This is post-completion notification, not prior approval; AUSTRAC can still suspend, cancel or impose conditions on the registration if it considers the new ownership or personnel pose a money-laundering, terrorism-financing or other serious-crime risk. Legal basis: AML/CTF Act 2006 (Cth).4
Ready-made companies holding this licence: see verified positions.
MSB in other countries
| Country | Licence | Regulator | Min. capital | Application fee | Statutory time |
|---|---|---|---|---|---|
| Australia | Registration as a remittance service providerRegistration as a remittance service provider (remittance network provider or independent remittance dealer) | AUSTRAC | n/a | n/a | n/a |
| British Virgin Islands | Money Services Business Licence, Class A or Class BMoney Services Business Licence, Class A (money/electronic/mobile money transmission) or Class B (money orders, traveller's cheques, cheque cashing, currency exchange) | BVI FSC | n/a | n/a | n/a |
| Canada | Money services business (MSB) registrationMoney services business (MSB) registration (covers foreign exchange dealing, money transferring, virtual currency dealing, crowdfunding platforms and related services; a separate foreign-MSB registration applies to businesses without a place of business in Canada that direct services at Canadians) | FINTRAC | n/a | n/a | n/a |
| Dubai International Financial Centre (DIFC) | Money transmitter licenceFinancial Services Permission for Providing Money Services restricted to Money Transmission only (Category 4) | DFSA | n/a | USD 10,000 | n/a |
| Netherlands | Exchange institution licenceExchange institution licence (Vergunning wisselinstelling) | DNB | n/a | n/a | n/a |
| United States | Registration of Money Services Business (Form 107 / RMSB) | FinCEN | n/a | n/a | ~5.9 mo |
Values come from each licence's page, where every figure has its source.
Laws behind it
- Anti-Money Laundering and Counter-Terrorism Financing Act 2006: Act No. 169, 2006 (Cth), registered compilation C2026C00274
Sources
- legislation.gov.au: text · retrieved 2026-09-24
- legislation.gov.au: text · retrieved 2026-09-24
- moneytransferlicence.com.au: is austrac registration free or paid · secondary · retrieved 2026-09-24
- austrac.gov.au: update your details · retrieved 2026-09-24
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