NEWS: AUSTRAC warns crypto ATMs are enabling scams, threatens crackdown
By PAUL O’DONOGHUE, Senior Correspondent
AUSTRALIA’S financial intelligence agency, AUSTRAC, has warned that some crypto ATMs may be failing to meet anti-money laundering standards (AML), enabling scams and fraud.
“AUSTRAC’s cryptocurrency taskforce has found that some crypto ATM providers may lack proper anti-money laundering and counter-terrorism (AML/CTF) checks,” the agency said in a statement.
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