Doo Payment Successfully Obtained an Independent Remittance License from Australian Transaction Reports and Analysis Centre (AUSTRAC)

We are excited to announce that Doo Payment AU Pty Ltd, a subsidiary under Doo Group’s sub-brand, Doo Payment, has successfully obtained an independent remittance license (License No.: IND100844845-001) from the Australian Transaction Reports and Analysis Centre (AUSTRAC).  

This not only signifies the group’s excellent financial compliance and risk management ability but also provides a strong basis for developing its global businesses. 

Gaining Recognition from Australia’s Top-Tier Regulatory Body 

Established in 1989, the Australian Transaction Reports and Analysis Centre (AUSTRAC) is the country’s specialized body responsible for monitoring financial transactions The institution acts as the financial intelligence unit and the regulatory body for anti-money laundering and combating the financing of terrorism (AML/CFT). 

With a stringent regulatory standard and strict implementation of the rules, AUSTRAC’s licenses are highly recognized globally. 

AUSTRAC’s independent remittance license authorizes financial institutions in Australia to provide cross-border transactions, fund transfers, and other financial services.  

Doo Payment AU Pty Ltd successfully obtained this license through its excellent performances in various areas, such as its capital strength, business model, financial compliance, and other abilities. This shows that Doo Payment’s ability and good reputation have been widely recognized, and this license will enhance clients’ trust and confidence in our company. 

Providing More Comprehensive Remittance Services 

As Doo Group’s payment and currency exchange sub-brand, Doo Payment remains dedicated to utilizing advanced FinTech to conveniently achieve global fund flow, helping clients seize business opportunities in this digital era.   

Upon gaining this license, Doo Payment AU Pty Ltd is authorized by AUSTRAC to provide remittance services as a remittance service provider, fulfilling the financial needs of individual and corporate clients and discovering Australia’s unlimited opportunities.  

At the same time, we will also take this opportunity to further expand Doo Payment’s global payment network, strengthening the group’s global influence in the financial market. Additionally, we will provide our clients with more comprehensive and high-quality financial services. 

Continuously Building a Compliant Financial Footprint 

Apart from this license, Doo Payment also holds a wide range of international regulatory licenses. These include licenses obtained from the United States Financial Crimes Enforcement Network (US FinCEN), the Financial Transactions and Reports Analysis Centre of Canada (CA FINTRAC), the Australian Securities and Investments Commission (ASIC), the Hong Kong Customs and Excise Department (HK C&ED), and Dubai’s Department of Economy and Tourism (DET).   

In the future, Doo Group and its subsidiaries will continue to actively comply with global financial regulatory requirements. We will enhance our compliance and risk management abilities to attain a strong base for stable business development and service upgrades.  

Leveraging advanced FinTech and robust industry experience, we will continue to escalate our business ecosystem to provide global clients with secure, convenient, and highly efficient financial services. Let us explore a better future together.