Australia’s financial intelligence agency, AUSTRAC, has ordered Binance Australia, the local arm of the world’s largest cryptocurrency exchange, to undergo an independent audit. This action stems from concerns […]
Binance Australia Faces Scrutiny Over AML Compliance Gaps
Binance Australia is facing scrutiny from AUSTRAC, the financial crimes regulator, for gaps in its anti-money laundering (AML) and counter-terrorism financing (CTF) controls. The agency has ordered Binance […]
Binance Australia Faces Compliance Scrutiny: External Audit Mandated by AUSTRAC
Australia’s financial regulator, AUSTRAC, has ordered Binance Australia to appoint an external auditor within 28 days. This directive stems from serious concerns regarding the exchange’s compliance with anti-money […]
Cointree Faces AUD 75K Fine Over Late Suspicious Matter Reports
The Australian Transaction Report and Analysis Centre (AUSTRAC) has levied a substantial AUD 75,120 fine on Melbourne-based cryptocurrency exchange Cointree Pty Ltd for late submissions of suspicious matter […]
Cointree Faces $75,120 Fine for Late Suspicious Matter Reports
The Australian Transaction Report and Analysis Centre (AUSTRAC) has levied a significant fine of $75,120 on Cointree Pty Ltd, a Melbourne cryptocurrency exchange, for delayed submission of suspicious […]
AUSTRAC Tightens Crypto Rules to Enhance Market Safety
Australia’s Financial Intelligence Agency, AUSTRAC, is proposing stricter regulations for the country’s cryptocurrency sector. The changes aim to address regulatory gaps and increase oversight of crypto exchanges, requiring […]
AUSTRAC to Enforce New Crypto Regulations by 2026
Australia’s AUSTRAC is taking significant steps to regulate the cryptocurrency industry. The agency plans to implement stricter rules for crypto exchanges, with a focus on compliance and market […]
AUSTRAC Cracks Down on Inactive Crypto Exchanges in New Enforcement Action
Australia’s financial intelligence agency, AUSTRAC, has launched a regulatory crackdown targeting inactive cryptocurrency exchanges registered within the country. This move aims to mitigate money laundering risks by ensuring […]
AUSTRAC Issues Warning to Inactive Crypto Platforms
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has raised alarm bells about the integrity of Australia’s cryptocurrency landscape, alerting inactive cryptocurrency exchanges that they risk deregistration unless […]
Australia Cracks Down on Inactive Crypto Exchanges, Threatens Deregistration
Australia’s financial intelligence agency (AUSTRAC) is taking a stand against inactive cryptocurrency exchanges. The agency warns that these platforms could be deregistered to prevent criminal misuse of their […]
AUSTRAC Tightens Crypto ATM Rules in Australia, Warning of Penalties
Australia’s crypto ATM landscape is facing increased scrutiny as the Australian Transaction Reports and Analysis Centre (AUSTRAC) launches a crackdown on non-compliant operators. A surge in crypto ATM […]