Austrac
Australia's AUSTRAC Fines Cryptolink as Part of Crypto ATM Crackdown
AUSTRAC has fined Cryptolink 56,340 Australian dollars ($37,000) after identifying "weaknesses" in the company's AML/CTF compliance.
Australia's Government Proposes New Powers for AUSTRAC to Restrict Crypto ATMs
AUSTRAC said that the majority of high-value crypto ATM transactions were directly associated with scams or moving money to high-risk jurisdictions.
Australia Cracks Down on Crypto ATM Providers as Scammers Target the Elderly
Anti-money laundering regulator AUSTRAC obtained data showing that 72% of all crypto ATM transactions are carried out by people over the age of 50.
Australian Regulator Trials Blockchain to Automate Transaction Reporting
Australian financial regulator AUSTRAC is trialing blockchain technology to automate reporting of cross-border transactions by institutions.
New AML Rules for Australia's Bitcoin Exchanges Kick In Today
Australia’s cryptocurrency exchanges must now follow new rules aimed to counter money laundering and terrorism financing.
Australian Finance Regulator Unveils Blockchain Research Effort
Australian financial regulator AUSTRAC is launching a new innovation hub dedicated in part to blockchain research.
Australian Government Tracks All Bitcoin to AUD Conversions
The Australian government is keeping a close eye on bitcoin – tracking every BTC to AUD conversion, and vice-versa.
