In brief
- Australian regulators announced priorities Wednesday focusing on digital currencies and cash-intensive businesses as top money laundering threats.
- The agency will bring 80,000 new businesses under anti-money laundering laws starting July 2026 in Australia’s biggest regulatory expansion.
- CEO Brendan Thomas signals shift from compliance checks to targeting “substantive risks and harms” at industry level.
Australia’s financial intelligence agency declared crypto a top threat in its financial crime crackdown Wednesday, announcing regulatory priorities that mark the “most ambitious overhaul of Australia’s anti-money laundering laws in a generation.”
The Australian Transaction Reports and Analysis Centre CEO Brendan Thomas said the…
