AUSTRAC Warns Crypto ATM Providers on AML/CTF Compliance
- AUSTRAC has issued a warning to crypto ATM providers in Australia for non-compliance with AML/CTF regulations.
- The number of crypto ATMs in Australia increased from 23 to 1651 over five years.
- Australia ranks third globally in the number of crypto ATMs, following the United States and Canada.
- A dedicated task force was established by AUSTRAC to monitor digital currency exchanges, including crypto ATM providers.
AUSTRAC’s warning highlights the rapid growth of crypto ATMs in Australia, with numbers soaring from 23 to 1651, necessitating stricter compliance measures under AML/CTF regulations.
Source (2.6)https://hodl.press/australian-regulator-issues-warning-to-crypto-atm-providers/?rand=24434
