Regulatory Compliance


WCT is registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC) as a Designated Remittance Service provider.  Using AUSTRAC as the benchmark, WCT maintains the highest levels of regulatory compliance and provides full financial reporting through its TMS (Transfer Management System). Other regulatory bodies that WCT are compliant with include FINTRAC (Canada), SOCA (UK) and FINCEN (USA).


Our obligations to help combat Anti Money Laundering and Counter Terrorism Financing (AML/CTF) include providing training programs, performing exception reporting, reporting of significant transactions and reducing risk using TMS system alerts. It has also been determined that WCT will ensure that WCT and its Partners comply with all regulations and obligations for all countries that funds are remitted between.