10 result(s) for “AML”
Australia’s corporate regulator has opened a formal consultation on draft standards and guidance to implement the Corporations Amendment Digital Assets Framework Act, setting firm timelines and new licence and custody rules for exchanges and tokenised custody platforms.
After a global security incident that saw billions of dollars in crypto frozen, Australian authorities and banks moved quickly to protect customers and press for stronger controls, underscoring how recent national reforms will reshape the local crypto industry.
Australia’s regulators this month accelerated work to translate the new Digital Assets Framework into binding standards while stepping up enforcement on high risk crypto providers. The twin moves heighten pressure on exchanges and custodians to lock in licenses, improve controls and prepare for the regime that takes full effect in 2027.
OKX Australia has launched USDT settled Pre IPO perpetual futures that let eligible wholesale clients take leveraged positions on the implied valuations of private tech firms including OpenAI and Anthropic. The product expands derivative access in Australia but raises regulatory and market integrity questions for local policymakers and institutions.
As Australia steps up anti money laundering enforcement, regulators say fraudsters are exploiting that visibility by impersonating AUSTRAC staff and pressuring victims to pay via messaging apps and cryptocurrency.
Australia’s financial intelligence agency on October 11, 2026 reinforced targeted supervision of virtual asset services and high risk payments, signaling tougher enforcement for crypto ATMs, over the counter dealers, and embedded onramp services as recent anti-money laundering rules take effect.
Australia’s regulator ended its sector wide no action position on September 30, 2026. Industry advisers and compliance specialists warn unlicensed digital asset firms now face enforcement risk under existing financial services and anti money laundering rules, while a new licensing regime remains months away.
Federal regulators have begun stepping up enforcement against businesses that failed to meet new anti money laundering and digital asset licensing obligations, raising the stakes for exchanges, custodians and advisers operating in Australia.
Australia’s temporary no action relief for some digital asset businesses ended as the country’s broader digital asset reforms and tighter AML supervision move forward, forcing firms to seek licences or change operations ahead of a new regulatory regime coming in 2027.
Two software flaws in the Symbiosis Bitcoin Bridge allowed an attacker to create roughly 46.1 billion unbacked syBTC tokens from a tiny Bitcoin deposit, renewing questions about the security of cross-chain infrastructure.