Lex Exchange Pty Ltd (Lex Exchange) is committed to complying with the Australian Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Act 2006 and the AML/CTF Rules Instrument 2007 (No.1) and as such has processes in place to ensure its products and/or services are not being used to facilitate money laundering or terrorism financing.
- Has and carries out procedures to verify a customer’s identity before providing any services (including conducting sanctions list checks); and
- Reports suspicious matters to AUSTRAC.
Lex Exchange adopts a risk based approach when assessing Money Laundering and Terrorism Financing Risk. Lex Exchange has assessed the risk’s associated with its business and identifies, mitigates and manages risk accordingly.