AUSTRAC Suspends Cryptolink, Takes 96 Crypto ATMs Offline
The order raises the compliance bar for Australia's cash-to-crypto sector, where AUSTRAC is tightening controls around money-laundering and terrorism-financing risks.
Every Zipp story tagged #AUSTRAC, newest first.
The order raises the compliance bar for Australia's cash-to-crypto sector, where AUSTRAC is tightening controls around money-laundering and terrorism-financing risks.
The move extends travel-rule obligations to exchange off-ramps, a structural compliance cost that pulls Australia closer to the UK and EU model and reshapes how venues screen routine withdrawals.
The rule applies to every transfer, not just the FATF's $1,000 ceiling, putting Australia among the stricter FATF-aligned jurisdictions and forcing AUSTRAC-registered exchanges to overhaul…