The Federal Court of Australia has imposed civil penalties of $50,000 and $45,000 respectively against Castra Licensee Pty Ltd and Princeton Securities (NSW) Pty Ltd.
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has launched two targeted supervisory campaigns into Australia’s virtual assets sector.
AUSTRAC has directed payment platform, MHITS Limited, to appoint an external auditor to assess whether it is meeting its AML/CTF obligations.
The auditor will examine whether Airwallex is complying with key AML/CTF requirements.
AUSTRAC has refused to renew the registration of Yellow Sands Trading Pty Ltd, an independent remitter trading as Raiyyan Exchange.
AUSTRAC has launched civil penalty proceedings in the Federal Court against Castra Licensee Pty Ltd and Princeton Securities (NSW) Pty Ltd.
AUSTRAC has issued a letter to the online payment platforms sector, warning businesses to tighten their controls to prevent payments for child sexual exploitation.
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has issued Cryptolink an infringement notice of $56,340.
AUSTRAC has issued Revolut Payments Australia Pty Ltd with an infringement notice totalling $187,800.
AUSTRAC has directed Binance Australia to appoint an external auditor after serious concerns with its AML/CTF controls.
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