News with the tag "AUSTRAC"

Hey crypto enthusiasts and market watchers! Have you heard the latest from down under? Australia’s financial watchdog, AUSTRAC, is cracking down on inactive crypto exchanges, sending a clear message that it’s time to shape up or ship out. This move isn’t just about tidying up the registry; it’s a si...

The land Down Under, known for its sun, surf, and now, stricter crypto regulations! Australia’s financial watchdog, AUSTRAC, has dropped the hammer on several crypto exchanges, sending shockwaves through the digital currency sector. If you’re involved in crypto in Australia, or anywhere globally, yo...

The Australian Transaction Reports and Analysis Centre (AUSTRAC) has revealed that it took action on 13 remittance and crypto providers and is reviewing over 50 providers. AUSTRAC CEO Brendan Thomas said two other providers had conditions placed on their registrations after failing to meet requireme...

Australia proposes tighter AML/CTF rules targeting crypto exchanges, legal services and real estate to combat financial crime.

The Australian Transaction Reports and Analysis Centre (AUSTRAC) has unveiled plans to intensify enforcement measures against crypto ATM providers to curb money laundering activities. As part of its efforts, AUSTRAC will establish a specialized task force focusing on the cryptocurrency industry star...

Australia has the third largest number of crypto ATMs in the world and regulators are worried they could be facilitating financial crime.

The Australian Federal Police have taken a major step against organized crime by seizing $9.3 million in cryptocurrency. The operation uncovered a secret encrypted communication platform, Ghost, leading to the arrest of its alleged mastermind. Through digital forensics, authorities cracked the suspe...

AUSTRAC's latest report highlights a rise in criminal use of cryptocurrencies, urging stricter regulations and international cooperation to combat money laundering.

Authorities in Australia have charged two individuals accused of operating a cryptocurrency scam that defrauded two companies of $5.5 million. Luxury vehicles worth $2.7 million including a $600,000 Ferrari have been seized by law enforcement. Ferrari Seized From Car Dealer Australian authorities ha...