Global digital remittance platform LemFi has received formal approval from AUSTRAC, Australia’s financial intelligence agency, to operate as an independent remittance dealer in the country.
The approval allows LemFi to legally provide cross-border money transfer services to customers in Australia, marking a significant milestone in the company’s international expansion strategy.
With the AUSTRAC authorisation, LemFi is now permitted to facilitate international money transfers in compliance with Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) regulations. The company said the approval reinforces its commitment to regulatory compliance, transparency, and secure financial services.
The move strengthens LemFi’s presence in the Asia-Pacific region, expanding its ability to serve diaspora communities by offering faster and more affordable remittance solutions between Australia and key global markets.
Industry observers note that AUSTRAC approval is a critical requirement for remittance and digital payment firms seeking to operate independently within Australia’s highly regulated financial services sector.
String of LemFi Regulatory approvals
Beyond Australia, LemFi is also registered with the Financial Crimes Enforcement Network (FinCEN) in the United States as a Money Services Business and holds registration with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). In the United Kingdom, LemFi operates under the oversight of the Financial Conduct Authority (FCA), while maintaining compliance approvals in several African and European jurisdictions.
