CoinScoopAUSTRAC Revokes 45 Crypto and Remittance Registrations Over AML Concerns
Australia's financial crime regulator, AUSTRAC, has cancelled, suspended, or refused to renew the registrations of 45 virtual asset and remittance providers over the past year. The actions were taken due to failures in meeting regulatory requirements, including insolvency, inactivity, or inadequate anti-money laundering and counter-terrorism financing controls.
Summaries are written by AI from the original article. Not investment advice.