EN#0369 – Australian VASP and IRD, dormant, regulated by AUSTRAC, for sale

An opportunity to acquire a dormant Australian entity registered and enrolled with the Australian Transaction Reports and Analysis Centre (AUSTRAC) as a Digital Currency Exchange (DCE) Provider or Virtual Asset Service Provider (VASP) and Independent Remittance Dealer (IRD). The entity offers an established structure for buyers seeking to enter the Australian crypto, digital asset exchange, OTC and remittance markets without commencing the AUSTRAC registration process from the beginning.

Key Highlights:

• Registration and Permissions: The entity is registered and enrolled with AUSTRAC as a DCE / VASP and IRD. Its scope is suitable for crypto OTC transactions, fiat-to-crypto and crypto-to-fiat exchange, digital asset exchange activities, and independent remittance or settlement services. The AUSTRAC registration extract may be provided to serious buyers during due diligence.
• Regulatory Standing: The entity has no known regulatory issues, notices, suspensions, cancellations, enforcement actions, unresolved regulator enquiries or adverse conditions affecting its registration or enrollment.
• Operational Status:  The company is currently dormant and has no active business operations, providing the purchaser with flexibility to implement its intended business model, technology and operational arrangements, subject to applicable regulatory requirements.
• Banking Infrastructure: The entity maintains an operational bank account with Westpac Bank. It does not maintain an account for holding client funds.
• Compliance Framework: Compliance documentation is in place, including AML/CTF, KYC/CDD, enhanced due diligence, sanctions and PEP screening, transaction monitoring, suspicious matter reporting, record-keeping, risk assessment and governance procedures. The framework should be reviewed and updated following acquisition to reflect the buyer’s ownership structure, products, clients, transaction flows, and geographic exposure.
• Regulatory Capital:  No minimum regulatory capital requirement is imposed by AUSTRAC solely in connection with this type of registration and enrollment. The entity currently holds approx. $100 in available capital, cash, or net assets.
• Financial Position: The entity has no known debt or liabilities and currently incurs no monthly operating or maintenance costs.

This AUSTRAC-registered entity represents an attractive acquisition opportunity for buyers seeking an existing DCE/VASP and remittance structure, operational banking, established compliance documentation, no known liabilities and no current monthly expenses. Any purchaser should conduct full legal, regulatory, financial and operational due diligence and ensure that the entity maintains appropriate governance, local substance, compliance oversight and operational readiness following the change of ownership.

For further information on the sale of this Australian AUSTRAC-registered VASP and IRD, please contact our Mergers & Acquisitions team at  info@salvusfunds.com.  More entities for sale can be found within our  Entity Acquisition or Sale  service.

SALVUS Funds’ teams can be engaged for guiding on new license authorizations for investment, payments or crypto-asset services, ongoing regulatory compliance consultancy for such licensed entities, and support in successfully acquiring ready-made regulated entities. 

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