#austrac

[rwatimes]

AUSTRAC Launches Supervision Campaigns as Australia's Crypto Regulatory Reforms Kick In

The campaigns target over-the-counter operators and local exchanges as new laws expand oversight to custody and brokerage services.

➤ AUSTRAC has launched two supervisory campaigns targeting Australia's crypto sector, focusing on over-the-counter operators and local exchanges. ➤ These campaigns aim to assess how businesses manage money laundering risks ahead of new, expanded AML/CTF reforms that now include custody and brokerage services. ➤ The reforms align Australia's regulatory framework with international standards, identifying crypto as a significant financial crime threat.

[rwatimes]

Crypto broker Stormrake thunders at Aussie banks

EXCLUSIVE: Australian banks blocked or delayed $8 million in legitimate crypto payments to Melbourne-based broker Stormrake in the first two months of 2026.

➤ Australian banks are blocking or delaying millions in legitimate crypto payments, impacting brokers like Stormrake and potentially stifling industry growth. ➤ Banks cite increased scam and fraud risks, referencing reports of significant losses linked to crypto activity, while regulators like AUSTRAC warn against industry-wide bans. ➤ Crypto businesses, despite increasing regulatory compliance, face challenges accessing banking services, leading to concerns about Australia falling behind international markets.

[urbanwronski]

The seeing stones. Australia and its New CIA-Made Friend.

“Pure undistorted truth burns up the world.”Nikolai Berdyaev(Also, apparently, Palantir’s unofficial mission statement.) I. Enter the Magical Spy Orb, Stage Right In Tolkien’s Middle-earth, the palantír was a sort of medieval CCTV camera with attitude. A seeing stone that showed you just enough truth to make terrible decisions with great confidence. Much like modern analytics platforms, only…

The seeing stones. Australia and its New CIA-Made Friend.

[36crypto]

Australia Tightens Crypto Regulations as AUSTRAC Increases Scrutiny on Exchanges and ATMs

Australia’s financial intelligence agency, AUSTRAC, has announced plans to enhance its oversight of the cryptocurrency industry, focusing on digital currency exchanges (DCEs) and crypto asset automated teller machines (ATMs). A statement released on December 6, AUSTRAC confirmed it would ramp up inspections and review operations throughout 2025. The move highlights the agency’s growing concern…

Australia Tightens Crypto Regulations as AUSTRAC Increases Scrutiny on Exchanges and ATMs

[pavel-nosok]

Aussie Crypto Scammers Charged in $5.5 Million Fraud Case, $600K Ferrari Among Seized Luxury Vehicles

Authorities in Australia have charged two individuals accused of operating a cryptocurrency scam that defrauded two companies of $5.5 million. Luxury vehicles worth $2.7 million including a $600,000 Ferrari have been seized by law enforcement. Ferrari Seized From Car Dealer Australian authorities have charged two alleged masterminds of a cryptocurrency scam that defrauded $5.5 million from two…

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[pavel-nosok]

OKX seeks Australian expansion citing 'huge appetite' for crypto

The exchange’s chief marketing officer believes Australians are above-the-curve when it comes to crypto education and interest.

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