AUSTRAC Targets Over 50 Crypto And Remittance Firms, Warns Them To Comply Or Lose Registration
Australia’s anti-money laundering regulator, the Australian Transaction Reports and Analysis Centre (AUSTRAC) recently took action against 13 remittance and digital currency exchange providers for failing to report suspicious transactions on their platforms. Over 50 more companies were under investigation for potential non-compliance, as AUSTRAC was wrapping up a year-long effort to tackle underreporting and non-reporting … Read more
