In brief
AUSTRAC has directed Binance Australia to nominate external auditors within 28 days after identifying "serious concerns" with anti-money laundering controls.
The regulator flagged inadequate reviews, "high staff turnover," and insufficient…
Australia's anti-money laundering regulator, AUSTRAC, enacted a series of measures for crypto ATM providers to clamp down on scammers using the devices to target the elderly.AUSTRAC is putting a $5,000…
In brief
AUSTRAC revoked a crypto ATM provider’s license and imposed $5,000 transaction caps after finding widespread fraud, especially targeting users aged 60–70.
New data shows over-50s account for 72% of ATM…