Business

Financial crimes regulator AUSTRAC demands an external auditor for Airwallex over AML/CTF concerns

- January 22, 2026 3 MIN READ

The Australian government’s financial system anti-crimes regulator, AUSTRAC, has called in an external auditor at Airwallex over concerns that the fintech unicorn has failed to properly comply with anti-money laundering and counter-terrorism financing (AML/CTF) laws. AUSTRAC CEO Brendan Thomas, said the external audits will assess serious compliance concerns by the regulator, which is charged with… Read more »

Cryptocurrency

Financial crime watchdog AUSTRAC is targeting crypto exchanges after shutting down several in a compliance blitz

- February 17, 2025 2 MIN READ

Australia’s financial system crimes watchdog AUSTRAC took action against 13 remittance and digital currency exchange providers as part of a year-long blitz, and says more than 50 others are “still in its sights”. The anti-money laundering regulator (the Australian Transaction Reports and Analysis Centre) said it remains concerned about money laundering risks in the digital… Read more »

Topic

Afterpay money laundering audit finds breaches came from ‘incorrect’ legal advice

- November 25, 2019 3 MIN READ

Legal advice that wrongly classified Afterpay as a factoring service led to breaches in Australia’s strict anti-money laundering laws, an independent audit of the ASX-listed fintech payments provider has found. Afterpay shares have jumped more than 10% to above $33 in morning trade on Monday after the audit, by Neil Jeans of Initialism, broadly praised the… Read more »

Topic

Australia’s money-laundering cop is worried about fintech startups such as Afterpay

- June 7, 2019 2 MIN READ

Afterpay Touch boss David Hancock received the Finnies award for FinTech Organisation of the Year this week. Australian global fintech Afterpay has been “in dialogue” with the federal government’s financial crimes body, AUSTRAC, over concerns about potential money-laundering concerns, the company has revealed. In a statement to the ASX on Thursday, where the company revealed… Read more »