Australia Targets Crypto ATM Operators with Anti-Money Laundering Task Force

Australia Targets Crypto ATM Operators with Anti-Money Laundering Task Force

Australia has taken a bold step to close legal gaps in cryptocurrency transactions by establishing a specialist task force to make sure cryptocurrency ATM operators are adhering to the country's anti-money laundering (AML) regulations. On December 6, the Australian Transaction Reports and Analysis Centre (AUSTRAC) sent out a strong warning, stressing that operators who do not comply will be subject to enforcement actions and heavy fines. With...

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