Australia Removes 45 Remittance and Crypto Providers From AML Registers

Australia's AUSTRAC removed 45 remittance and virtual asset providers from its anti-money laundering registers over the past year due to issues including insolvency, registration failures, and financial crime risks. Notably, AUSTRAC investigated GetCoins for money laundering risk and suspended Cryptolink's registration, signalling increased scrutiny on crypto and remittance providers.

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