AUSTRAC stories
Tighter identity checks are now crucial as Australian gambling operators face higher money-laundering risks and multimillion-dollar penalties.
Access to a regulated Australian-dollar token widens as OKX Australia adds AUDM, targeting faster payments and settlement for users.
Criminals could move proceeds abroad undetected unless foreign-owned lenders lift weak reporting and controls, AUSTRAC has warned.
Only 6% of accountants feel ready for July’s anti-money laundering rules, leaving small firms exposed to penalties and heavier compliance duties.
Real estate and law firms are racing to get compliant before AUSTRAC brings up to 100,000 professional services businesses under supervision in 2026.
The approval puts Coinbase ahead of looming rules and opens the door for retail crypto derivatives in Australia.
Real estate agencies and conveyancers face new AML checks from 1 July 2026, with PEXA Clear sold per transaction to cut compliance costs.
FinTech Australia urges Canberra to open tenders to smaller players and revamp startup funding settings in its pre-budget pitch.
PEXA launches PEXA Clear AML tool for Australian property sector, ahead of new AUSTRAC Tranche 2 rules starting 1 July 2026.
With crime costing Australia up to AUD $60.1 billion a year, robust PEP and sanctions screening is now a strategic necessity for business.
Block Earner links with Worldpay to let Australians fund accounts instantly and buy crypto via major cards and mobile wallets.
KuCoin has secured AUSTRAC registration, expanding its regulated digital currency services and bolstering compliance for Australian users with a new Sydney base.
Australia's High Court grants ASIC special leave to appeal over legal definitions of Block Earner's discontinued digital asset product, with costs ordered against ASIC.
Block Earner has raised AUD $8 million to expand its crypto-backed loan products amid strong demand and plans for growth in Australia and international markets.
Australia's AML Tranche 2 starts July 2026, requiring firms to adopt advanced tech for compliance or risk fines of AUD $19,000 daily per breach.
Finance teams can now apply the same payment checks to overseas transfers in more than 50 countries, reducing manual work and fraud risk.
KuCoin launches AI Skills Hub, an open marketplace of modular tools letting agents tap exchange data and automate crypto workflows.
APAC banks face data gaps, false alerts and opaque ownership as they race to modernise sanctions screening amid fragmented rules.
LemFi wins AUSTRAC approval to launch remittances in Australia, targeting a USD $38.2 billion outbound market serving migrant communities.
Binance has appointed fintech veteran Matt Poblocki as General Manager for Australia and New Zealand to drive growth in the region's digital asset market.
