Australia warns ‘crypto’ ATM operators over AML compliance gaps
Australia’s financial crimes watchdog has put digital asset ATM operators on notice over a lack of anti-money laundering
and counter-terrorism financing (AML/CFT) checks.
The Australian Transaction Reports and Analysis Centre (AUSTRAC) issued the warning on Monday amid a spike in ‘crypto’ ATM usage in the country, which it says has provided fertile grounds for scammers and other criminals.
“We want to ensure crypto ATM providers have robust practices to minimise the…
