Regulation

Adventure Capital Aust Pty Ltd (trading as myBullion) is a company incorporated in Australia and governed by Australian law.

We are regulated and subject to the oversight of the Australian Securities and Investments Commission (ASIC) and are required, pursuant to the corporations act 2001, to publish annually audited financial statements.

In Australia, the sale and purchase of investment-grade physical precious metal bullion (gold, silver and platinum) does not require an Australian financial services license (‘AFSL’). No “financial products” (as defined under Australian Financial Services Law) are offered or traded through myBullion. No derivatives are offered through myBullion and there is no capability for short-selling through myBullion.

AML CTF

As a reporting entity engaging in a designated service under the anti-money laundering and counter-terrorism financing act 2006 (AML act), Adventure Capital Aust Pty Ltd (trading as myBullion) is required to maintain a comprehensive AML program to ensure the mitigation and reporting of all money-laundering and terrorism-financing activities. We have implemented a comprehensive customer due diligence program to identify, verify and monitor market participants in accordance with the AML act.

The governmental body charged with regulating and ensuring compliance with the AML act is the Australian Transaction Reports and Analysis Centre (AUSTRAC). Austrac is a member of the international Financial Action Task Force (FATF) initiative which is the foremost inter-governmental body developing and promoting policies to combat money-laundering and terrorist-financing. We regularly monitor changes in regulation and policy impacting our AML CTF obligations.