Doo Payment AU Pty Ltd, a subsidiary of Doo Payment, a brand under Doo Group, has announced that it has successfully obtained an independent remittance license (license number: IND100844845-001) issued by the Australian Transaction Reports and Analysis Centre (AUSTRAC).
The Australian Transaction Reports and Analysis Centre (AUSTRAC) was established in 1989. It is Australia’s specialized agency responsible for anti-money laundering work. It assumes the dual responsibilities of a financial intelligence agency and an anti-money laundering and counter-terrorist financing regulator. The AUSTRAC independent remittance license is an important qualification for financial institutions to provide cross-border payment, remittance and other financial services in Australia.
As the payment and foreign exchange business brand of Doo Group, Doo Payment said it is committed to using advanced financial technology to easily realize global capital flows and help customers efficiently seize business opportunities in the digital age.
After being granted the license, Doo Payment AU Pty Ltd said it will provide remittance services as a remittance service provider under the authorization of the top regulatory body AUSTRAC, to meet the diverse financial needs of individual and corporate customers and explore the unlimited opportunities in Australia’s leading financial market.
At the same time, we will take this opportunity to further expand Doo Payment’s global payment network, strengthen the group’s influence in the global financial market, and provide customers with more comprehensive and high-quality financial services.
In addition to the license issued this time, Doo Payment also holds multiple international regulatory licenses, including licenses issued by the U.S. Financial Crimes Enforcement Agency, the Canadian Financial Transactions and Reports Analysis Centre, the Australian Securities and Investments Commission, the Hong Kong Customs and the Dubai Economy and Tourism Department.
Doo Group is a global online broker which operates licensed subsidiaries in several locales including the USA, UK, Australia, and Hong Kong, as well as offshore entities in Labuan, Seychelles, Mauritius, and Vanuatu. We previously reported that the company also has plans to expand Doo Group in the EU as well, making a number of senior hires over the past couple of years for its Cyprus office. Doo Group is controlled by Chinese national Junjie Chen.
