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 »

cyber hacking
Fintech

As the world shifts to instant payments, fintech should be a force for good in fighting financial crime

- February 9, 2022 3 MIN READ

In December, the Federal Treasurer, Josh Frydenberg announced “the most significant reforms” to Australia’s payments system in 25 years. Frydenberg said the policy package will “ensure Australia is at the front of the pack when it comes to harnessing the benefits of the digital economy.” Real-time payments are already proving very popular.  Sadly, this popularity… Read more »