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Is POLi regulated by Australian financial authorities


1) General legal framework

POLi is a local payment service operating in Australia. Its activities are related to online banking and electronic transactions, so it falls under the supervision of a number of government agencies. Unlike crypto payments or offshore systems, POLi is embedded in Australia's financial infrastructure and is required to comply with local law.

2) Major regulatory bodies

Australia's financial system is controlled by several entities and POLi is required to consider their requirements:
  • ASIC (Australian Securities and Investments Commission) - regulates financial services, licenses and user protection.
  • AUSTRAC (Australian Transaction Reports and Analysis Centre) - responsible for monitoring transactions for money laundering and terrorist financing. All POLi transactions are subject to AML/CTF rules.
  • RBA (Reserve Bank of Australia) - regulates the payment system in the country and sets security standards. POLi as part of banking transactions must follow these standards.

3) Licensing and compliance

POLi is not a bank, but acts as an intermediary between the client's bank and the online platform. The Service shall comply with:
  • requirements of AML/CTF Act 2006 (anti-money laundering);
  • PCI DSS (payment data processing security) standards;
  • consumer protection rules set by ASIC.

Thanks to this, users are confident that POLi operates within the framework of Australian law and is responsible to the supervisory authorities.

4) Significance of regulation for casino players

For players using POLi for deposits in online slots, regulation has the following advantages:
  • guarantees of legality of all transactions;
  • Minimize the risk of fraud or data breaches
  • confidence that the service does not work in the "gray zone," as is the case with offshore methods.

5) Limitations and nuances

Despite the regulation, it is worth considering:
  • POLi does not regulate the casino itself, only the transaction process;
  • the service is available in Australia and New Zealand, outside these countries legal protection is limited;
  • POLi cannot be refunded because it works as a direct bank transfer.

6) The bottom line

POLi is overseen by key Australian financial authorities including ASIC and AUSTRAC. This makes it a reliable tool for replenishing accounts in online casinos, since all transactions comply with local safety and financial regulation standards. For Australian players, POLi is one of the most secure deposit methods due to its strict control and legal framework.