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australian-financial-watchdogs-back-new-powers-to-curb-money-laundering-via-crypto
Australian Financial Watchdogs Back New Powers to Curb Money-Laundering Via Crypto

Australian Financial Watchdogs Back New Powers to Curb Money-Laundering Via Crypto

Last updated: June 11, 2026 1:48 pm
By
Rex Widerstrom
1 Min Read
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Australian Financial Watchdogs Back New Powers to Curb Money-Laundering Via Crypto

Illustration of Bitcoin and Ethereum coins held together in front of diverses EURO banknotes in Paris, France, on June 5, 2026. Joao Luiz Bulcao/Hans Lucas/AFP via Getty Images

Australian crime-fighting and financial agencies are moving to prevent the use of cryptocurrency for money laundering, scams, and money-mule activities

The Australian Banking Association (ABA), Transparency International, and the regulator, AUSTRAC (Australian Transaction Reports and Analysis Centre), are backing a proposal to amend the Anti-Money Laundering and Counter-Terrorism Financing Act.

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TAGGED:Australia Featured NewsAustralia NewsAustralia Top NewsAustralian Politics NewsBusinessCrime and Public SafetyEconomic PoliciesWorld News
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