Australia Removes 45 Remittance and Crypto Providers From AML Registers

Australia's AUSTRAC removed 45 remittance and virtual asset service providers from its anti-money laundering registers over the past year, citing risks including money laundering, terrorism financing, and registration failures. Some providers were referred to law enforcement, and notable cases include GetCoins continuing to claim AUSTRAC enrollment after deregistration.

This Wire brief sits within Fusion42's coverage of Fintech.