From Paul O’Donoghue at AML

Welcome to the Thursday AML Intelligence Technology Newsletter, where we look at all the advances in the AFC tech space. Here’s your quick hit of the week’s biggest stories.

An Australian court has ordered Binance’s local unit to pay A$10 million ($6.9 million) for misclassifying over 85% of its Australian clients.

The move exposed them to high-risk crypto products, with many then suffering losses.