Keeping investors and companies safe on our platform.

AML and KYC checks (also known as Anti Money Laundering and Know Your Customer checks) are part of Australia’s investment landscape. They’re standard rules that everyone has to follow. Here’s how they work on STAX.
Identity verification

Do I need a KYC check?

KYC checks are necessary for some investors. We need to make sure we’re issuing shares to the correct person, which is why we verify your identity beforehand.

Investing with
FIAT currency (AUD)

If you’re investing with FIAT currency (like AUD) you don’t need a KYC check. The only requirement is that you’re 18 years-old or above. Some exceptions may apply and we'll let you know before investing.

Investing with
digital currency

Some companies accept direct investment with digital currency, and this also doesn’t require a KYC check. You can check which currencies are accepted on the relevant offer page.

digital currency to FIAT

If you want to invest with digital currency, but the company only accepts investments in FIAT, you will need a KYC check.STAX Brokerage help manage the currency conversion and authentication process.

The usual questions.

If you have any further questions, please don't hesitate to get in touch with our investment and capital raise consultants. They'll steer you on the right path.
What does KYC mean?

KYC checks are standard identity verification checks, and they’re mandated by Australian law. Essentially, STAX has to make sure investors are who they say they are, before allowing them to buy shares.

How do KYC checks work?

KYC checks can be done online, and the process takes about two minutes. You’ll need to fill in your STAX profile, upload a scanned copy of your driver’s license or passport, plus a photo of yourself holding proof of address. Once your KYC check has cleared, you’re free to buy shares on STAX.

Is my information secure?

Your private information is only used to complete the necessary AML/KYC checks. Nothing else. KYC checks are carried out by authorised representatives who have undergone extensive background verification training. All your details are securely transmitted to our servers, and to our verification partner, Trulio. STAX follows Australian regulations regarding the transfer and storage of private data.

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