Latest News and Articles about AUSTRAC
AUSTRAC 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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