Australia announced on April 11 that all digital currency exchanges operating in the country will be regulated by the Transaction Reports and Analysis Centre (“AUSTRAC”), the country’s financial intelligence agency. ...more
4/12/2018
/ AML/CFT ,
AUSTRAC ,
Australia ,
Bitcoin ,
Cryptocurrency ,
Currency Exchange ,
Digital Currency ,
Regulatory Oversight ,
Regulatory Standards ,
Reporting Requirements ,
Virtual Currency
We previously have observed that financial institutions face an increasing risk that alleged Anti-Money Laundering (“AML”) and Counter-Terrorism Financing (“CTF”) violations will lead to follow-on allegations of securities...more