Latest News and Articles about AML/CFT

AUSTRAC Cracks Down on Crypto ATM Scams: Australia’s Regulatory Response

8 April 2025 Daily Feed AML/CFT, AUSTRAC, Crypto ATM, Scams

Australia’s Crypto ATM Crackdown: AUSTRAC Tackles Rising Scams Australia’s financial crimes watchdog, AUSTRAC, has stepped up efforts to combat the misuse of cryptocurrency ATMs, issuing a stern warning to operators over significant gaps in anti-money laundering (AML) and counter-terrorism financing (CFT) compliance. This action comes as Australia emerges as a global leader in crypto ATM […]

South African Man Arrested for Using Bitcoin to Fund Terrorism: Regulatory Challenges Highlighted

7 January 2025 Daily Feed AML/CFT, Bitcoin, South Africa, Terrorism Funding

South African Authorities Arrest Suspect for Funding Terrorism with Bitcoin South African authorities have arrested a 41-year-old man in Johannesburg for allegedly using Bitcoin to fund terrorism abroad, spotlighting the complex relationship between the promise of digital currencies and their potential for misuse. 41-year-old arrested in Johannesburg for funding terrorism with Bitcoin. Case underscores the […]