Latest News and Articles about AUSTRAC
Australia Cracks Down on Bitcoin ATMs Amid Scam and Money Laundering Surge
Australia’s Bitcoin ATM Crackdown: Scams and Regulations Tighten Australia is unleashing a full-frontal assault on cryptocurrency ATMs, driven by mounting evidence of their role in money laundering, scams, and other financial crimes. Home Affairs Minister Tony Burke has labeled these machines a “high-risk product,” unveiling a tough new stance on October 15 that could drastically […]
Read MoreAustralia Cracks Down on Crypto ATMs Amidst Surging Crime Rates
Australia Slams the Brakes on Crypto ATMs as Crime Explodes Australia is dropping the hammer on cryptocurrency ATMs as their numbers skyrocket and ties to financial crime become a screaming red flag. Minister for Home Affairs Tony Burke has rolled out sweeping new powers for AUSTRAC, the nation’s financial crimes watchdog, to rein in the […]
Read MoreAustralia Orders Binance Audit Over Money Laundering Concerns: Crypto Giant Under Scrutiny
Australia Slams Binance with Audit Order Over Money Laundering Fears: A Wake-Up Call for Crypto Binance, the heavyweight of crypto exchanges, has just been hit with a serious reality check in Australia. The Australian Transaction Reports and Analysis Centre (AUSTRAC), the nation’s financial watchdog, has ordered Binance Australia to bring in an external auditor due […]
Read MoreAustralia’s 2024 Crypto ATM Crackdown: New $5,000 Limit to Combat Bitcoin Scams
Australia’s Crypto ATM Crackdown: New Rules to Combat Bitcoin Scams in 2024 Australia is slamming the brakes on crypto ATMs as scams and illicit activities spiral out of control, with the nation’s financial crime watchdog, AUSTRAC, rolling out heavy-handed restrictions to protect vulnerable users and curb fraud. This move comes amid a staggering rise in […]
Read MoreAustralia Targets 427 Inactive Crypto Exchanges to Fight Scams and Money Laundering
Australia Cracks Down on Inactive Crypto Exchanges to Combat Scams and Money Laundering In a bold move to combat criminal activities within the cryptocurrency sector, Australia’s financial intelligence agency, the Australian Transaction Reports and Analysis Centre (AUSTRAC), is intensifying its efforts. AUSTRAC is targeting inactive digital currency exchanges, warning them to update their status or […]
Read MoreAUSTRAC Cracks Down on Crypto ATM Scams: Australia’s Regulatory Response
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 […]
Read MoreAUSTRAC Targets Crypto ATMs: Balancing Compliance and Consumer Safety in Australia
AUSTRAC’s Crackdown on Crypto ATMs: Navigating Compliance and Consumer Safety AUSTRAC, Australia’s financial intelligence agency, has intensified its oversight of cryptocurrency ATM providers, issuing warnings about compliance with Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations. The surge in suspicious transactions and fraud linked to crypto ATMs has prompted this stricter oversight, reflecting a broader […]
Read MoreAUSTRAC Ramps Up Crackdown on 13 Crypto and Remittance Providers
AUSTRAC Intensifies Crackdown on Crypto and Remittance Providers AUSTRAC, Australia’s financial watchdog, has taken decisive action against 13 remittance and cryptocurrency providers, signaling a major regulatory crackdown aimed at curbing money laundering and financial crimes. With over 50 more providers under review, the agency is not holding back. AUSTRAC targets 13 crypto and remittance providers […]
Read MoreAlchemy Pay Secures AUSTRAC Approval, Boosts Crypto Payments in Australia
Alchemy Pay Gains AUSTRAC Approval, Expanding Crypto Payments in Australia Alchemy Pay’s recent AUSTRAC registration marks a significant milestone in their quest to bridge traditional finance with the crypto economy, but the journey is far from straightforward. Registered with AUSTRAC on January 27, 2024 Now offers fiat-to-crypto payment services in Australia Part of a broader […]
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