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As you may be aware, the banking industry throughout the world has been reducing its risk due to compliance concerns, and Australian banks are no exception. This process began in 2013 with the 'Big 4' (ANZ/CBA/NAB and Westpac) starting to close the accounts of registered remittance providers. These 'Big 4' also own other smaller banks who are applying the same policy. Remitters as a whole are categorised as high risk. Without bank accounts in Australia, remitters cannot complete the transfer of their customers funds. KANGGARU now have 2 bank accounts: Bank of Queensland **NEW** and Suncorp Bank. We are not sure how long this arrangement will continue, however KANGGARU Money Transfer is committed to serving our customers for as long as we possibly can.