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A long-running Australian multi-agency investigation has dismantled a sophisticated money laundering scheme in Queensland, charging four individuals and freezing $13.7 million. At the heart of the alleged operation was a…
Australia’s financial intelligence agency, AUSTRAC, is tightening regulations on crypto ATMs due to concerns over scams and fraud. New restrictions include cash deposit and withdrawal limits as well as mandatory…
An Australian regulator announced plans to seek special leave from the High Court to appeal a recent ruling that determined cryptocurrency firm Block Earner’s offering was not a financial product.…
The Australian police recently seized 25 bitcoins, a luxury car, and a mansion in Beachmere from a man previously convicted of hacking an American gaming company. AFP Targets Illegal Profits…
The Australian Transaction Reports and Analysis Centre has issued infringement notices totaling $75,120 to cryptocurrency exchange Cointree for failing to submit suspicious matter reports on time. Cointree Fined Despite Self-Reporting…
Aussie fintech firm Finder has partnered with Swyftx to facilitate the migration of its users to the latter’s crypto exchange platform. Users Must Consent to the Migration of Wallet Balances…
AUSTRAC is cracking down on inactive digital asset exchanges, urging them to voluntarily withdraw their registrations or face forced cancellation to prevent criminal exploitation. Significant Proportion of 427 Registered Exchanges…
AUSTRAC, Australia’s financial services watchdog, has raised concerns that some crypto ATM providers may lack adequate anti-money laundering and counter-terrorism measures. Task Force Identifies Worrying Trends The Australian financial services…
The Australian Treasury is working with the digital asset industry to establish clear regulations, aiming to make Australia a global leader in the sector. Spurring Innovation vs. Protecting Users The…
Australian law enforcement, in partnership with Binance, has issued a warning about scammers impersonating Binance and targeting crypto investors. Fake Verification Codes Australian law enforcement has warned crypto investors to…