Australia Tightens Control on Crypto ATMs to Curb Money Laundering
Australia’s financial intelligence agency, AUSTRAC (Australian Transaction Reports and Analysis Centre), is increasing its enforcement of Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) laws specifically targeting cryptocurrency ATM providers.
✔️ Although around 400 crypto exchanges are officially registered in the country, only a small number are linked to crypto ATM operations. With an estimated 1,200 crypto ATMs nationwide, a significant portion may be functioning without full regulatory oversight — raising concerns about potential gaps in compliance.