Australian agency checks more

The Australian Transactions and Analysis Reports Center (AUSTAC) announced today (Monday) that it had taken action against 13 provides to exchange currency and digital currency during the investigation of more than 50 other companies.

Reporting the report of reporting leads to work

The organizer, responsible for discovering, deterring and disrupting the criminal abuse of the financial system, has taken measures because these platforms failed to report properly suspicious transactions on their platforms. Brendan Thomas, CEO of Austrac; Photo: LinkedIn

“In late last year, Austra was canceled and suspended and rejected the renovations of registration for nine service providers who failed to meet their obligations under the money laundering and combating terrorist law,” said Brendan Thomas, CEO of Austraac.

Either the organizer is either convicted or trial or accusing six companies with six companies “serious crime”, while three other companies no longer run a company that requires registration. Two others failed to meet the registration requirements completely within the required time frame and they were now registered without conditions.

Thomas added: “Two service providers had conditions in their records and are now on a notice – failed to meet these conditions that could lead to suspension or cancellation of their records.”

Austra also removed the Zipmex Australia and FTX Express, now two companies in the liquidation, from the digital currency exchange record.

Austra closed gaps

The Australian Supervisory Authority is currently registering 417 exchange of digital currency and 5,112 conversion providers who provide services in the country. She indicated that since January 2024, 106 holes have released her obligations.

“In early last year, we started an investigation to identify and eliminate service providers and improve industry reports on suspicious issues,” Thomas said. “Blitz follows the Austrac analysis, which has defined a non -built system based on reporting in the exchange sectors in transfers and digital currency.”

The agency also established an internal workplace last year to investigate the ATMs for the encrypted currency that does not comply with the rules of local money laundering. Although the agency, according to the agency, is only running a small number of encrypted companies registered with encrypted ATMs, the country has 1,200 ATMs for encryption, which is the third highest number in the world.