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AUSTRAC Targets Crypto ATM Operator for Money Laundering Risks

The Australian financial crime regulator has taken action against crypto ATM operator Cryptolink for its failure to report large cash transactions on time. Crypto ATMs Labeled ‘Highest-Risk’ Channel for Money Laundering...

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AUSTRAC Targets Crypto ATM Operator for Money Laundering Risks
The Australian financial crime regulator has taken action against crypto ATM operator Cryptolink for its failure to report large cash transactions on time. Crypto ATMs Labeled ‘Highest-Risk’ Channel for Money Laundering The Australian Transaction Reports and Analysis Centre (AUSTRAC) has issued an infringement notice of $56,340 to crypto ATM operator Cryptolink. The regulator also accepted […]

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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