What are the AML/CTF requirements and how do I comply?
Unfortunately, all PayPal accounts need to comply with the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) laws which were passed in Australia in December 2006. More information specifically on AML laws is available here – https://www.paypal-education.com.au/aml/index.html Information on what you need to provide to have the limitation lifted is available here – https://www.paypal-education.com.au/aml/association/ – but weve tried to summarise for you. To have the limitation lifted, you will need to fax or upload; Notice issued by the Australian Taxation Office advising the tax concession status of the non-profit organisation; or Constitution or Rules of the Association. A Letter of Appointment for the Verifying Officer* signed by the Chairperson, Secretary or Treasurer (click here to download from PayPal’s site). An Authorisation Letter signed by the Verifying Officer*nominating all additional person(s) accessing the PayPal account *****The letter must be signed by the
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