Built for Australian exchanges, custodians, brokers, transfer providers and other VASPs
AML/CTF software for Australian virtual asset service providers
Customer, wallet, transfer and counterparty-centred AML/CTF workflows for Australian VASPs, including service scope, CDD, transaction monitoring, Travel Rule evidence and suspicious-matter escalation.
Browse the complete AML/CTF library for Virtual asset service providersDesignated services this workflow recognises
The legal trigger is the service being provided, not the professional title. The workspace records a decision for each engagement or matter.
- Exchanging virtual assets for money, or arranging that exchange
- Exchanging one virtual asset for another, or arranging that exchange
- Accepting instructions to transfer virtual assets or making transferred value available
- Providing a virtual-asset safekeeping service
- Providing financial services connected with a virtual-asset offer or sale while participating in that offer or sale
See a virtual-asset service or transfer move through the workspace
This representative, fictional record uses the same terminology and sequence shown to virtual asset service providers in Cassandra AML. No personal information is shown.
Virtual-asset activity example
Fictional customer outbound transfer
Virtual-asset customer work
- Enrol with AUSTRACComplete
Record your AUSTRAC enrolment number and confirmed status so the business's transition timing is documented beside the workbench.
- Complete the risk assessmentComplete
Document the virtual-asset business's designated services — exchanges, transfers, safeguards, arrangement and offer-and-sale services — customer types, delivery channels and AUSTRAC risk factors, and update it when services change.
- Create policies and processesCurrent
Build or upload the AML/CTF policy and process that governs escalation triggers, internal controls, wallet and counterparty checks and transfer-message handling without storing private keys.
- Onboard your staffNext
Nominate the governing body, compliance officer, senior manager and client-facing staff, then assign each person's access and roles.
- Complete staff trainingNext
Deliver AUSTRAC risk-based AML/CTF awareness training to every staff member and keep completion evidence current.
- Classify and monitor virtual-asset servicesNext
Create the customer record, classify the exchange, transfer, safeguarding or offer-and-sale service, check wallets, counterparties and transfer data, then monitor, decide and retain evidence.
Evidence ready for organisation review
- AUSTRAC VASP registration or application reference and service catalogue
- Customer, representative, beneficial-owner and authority records
- Asset, network, wallet classification, transaction hash and counterparty-VASP evidence
- Travel Rule collection, verification, secure-transmission or withholding reasons
- Transaction-monitoring alerts, investigation, reporting and retention evidence
Cassandra AML assists your compliance work; it does not provide legal advice, guarantee compliance or imply AUSTRAC endorsement.
Practical AML/CTF guidance for Virtual asset service providers
Start with the profession pillar, then use the focused guides for the exact service, customer or control you are handling. Each article links to primary AUSTRAC or legislative material.
Questions virtual asset service providers ask
Are all virtual asset service providers automatically regulated by AUSTRAC?
No. AML/CTF status depends on whether the business provides a designated service with the required Australian geographical link, not the professional title alone. Assess each service and obtain advice where the boundary is uncertain.
What should virtual asset service providers record for an AML/CTF review?
Keep the service-scope decision, customer and beneficial-owner evidence, risk assessment, screening and escalation decisions, approvals, reporting records, training and current program governance evidence.
Does Cassandra AML replace legal or regulatory advice?
No. Cassandra AML organises compliance work and evidence. It does not give legal advice, guarantee compliance or imply AUSTRAC endorsement.
Connect the customer, wallet, transfer and decision in one evidence trail.
Open a VASP workspace with service classification, wallet and counterparty due diligence, Travel Rule status, transaction monitoring and escalation built into the customer workflow.