AUSTRAC steps up supervision of Australian virtual assets sector
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has launched two targeted supervisory campaigns into Australia’s virtual assets sector.
AUSTRAC
AUSTRAC directs audit of payment platform MHITS Limited over AML/CTF concerns
AUSTRAC has directed payment platform, MHITS Limited, to appoint an external auditor to assess whether it is meeting its AML/CTF obligations.
AUSTRAC orders audit of payment platform Airwallex
The auditor will examine whether Airwallex is complying with key AML/CTF requirements.
AUSTRAC refuses registration renewal for Raiyyan Exchange
AUSTRAC has refused to renew the registration of Yellow Sands Trading Pty Ltd, an independent remitter trading as Raiyyan Exchange.
AUSTRAC launches civil penalty proceedings against Castra Licensee and Princeton Securities
AUSTRAC has launched civil penalty proceedings in the Federal Court against Castra Licensee Pty Ltd and Princeton Securities (NSW) Pty Ltd.
AUSTRAC urges online payment platforms to tighten controls to prevent child exploitation
AUSTRAC has issued a letter to the online payment platforms sector, warning businesses to tighten their controls to prevent payments for child sexual exploitation.
AUSTRAC issues Cryptolink with infringement notice
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has issued Cryptolink an infringement notice of $56,340.
AUSTRAC issues Revolut with $187.8k infringement notice for late reporting
AUSTRAC has issued Revolut Payments Australia Pty Ltd with an infringement notice totalling $187,800.
AUSTRAC directs Binance Australia to appoint external auditor
AUSTRAC has directed Binance Australia to appoint an external auditor after serious concerns with its AML/CTF controls.
AUSTRAC urges inactive remittance businesses to voluntarily withdraw their registrations
AUSTRAC is encouraging inactive remittance businesses to voluntarily withdraw their registrations or risk cancellation.
