Australia's AUSTRAC Fines Cryptolink as Part of Crypto ATM Crackdown
Yahoo Finance·2025-10-30 19:02
The Australian Transaction Reports and Analysis Centre (AUSTRAC) is taking enforcement action against a crypto ATM provider as it seeks to flex its regulatory muscle on the sector. AUSTRAC has fined Cryptolink 56,340 Australian dollars ($37,000) after identifying "weaknesses" in the company's anti-money laundering and counter terrorism financing (AML/CTF) compliance, according to a statement on Thursday. Australia's AML/CTF watchdog said it identified late reporting of large cash transactions, for which ...