Australia Neobank / Crypto Banking – Compliant Development
Launch a neobank / crypto banking service in Australia with compliance controls mapped to AUSTRAC / ASIC and AUSTRAC DCE. Block Intelligence builds production software; independent counsel handles licensing.
Compliance scope
Australia · Neobank / Crypto Banking
Australia requires AUSTRAC registration for digital currency exchanges with AML/CTF programs.
| Jurisdiction | Australia |
|---|---|
| Regulator | AUSTRAC / ASIC |
| Product | Neobank / Crypto Banking |
Software
Built-in compliance controls
- Fiat + crypto unified ledger and user onboarding
- Card issuance integration points and spend controls
- Savings, yield, and transfer modules with compliance gates
- Core banking API adapters and reconciliation
- Customer support, disputes, and regulatory reporting tooling
- Implement KYC verification for all neobank customers.
- Integrate AML monitoring for all transactions.
- Maintain detailed records of customer transactions for compliance audits.
Block Intelligence provides technology development and compliance-oriented software architecture. We are not a law firm. Licensing and regulatory advice is provided by independent legal partners in each jurisdiction. Information is current as of 2026-03-01 and subject to change.
FAQ
Frequently asked questions
- What are the compliance requirements for a neobank?
- Neobanks must implement KYC, AML monitoring, and adhere to banking regulations set forth by AUSTRAC and ASIC.
- How can I ensure my neobank is compliant?
- Regular compliance audits, staff training, and integrating compliance software are essential for ensuring compliance.
- What risks do neobanks face if they don't comply with regulations?
- Non-compliance can result in significant fines, legal actions, and reputational damage.