Australia’s financial intelligence agency AUSTRAC says it has removed 45 crypto and remittance businesses from its registrations over the past year. The actions include cancellations, suspensions, and denials of renewal, according to the regulator. Cointelegraph reports that AUSTRAC’s enforcement also targeted entities linked to GetCoins, which the agency says helps disrupt organized investment scams.
AUSTRAC states that the sweep covers a range of compliance and risk issues. NDTV says some firms are dormant or insolvent, while others provided inaccurate registration information or failed to report material changes. The regulator also cited heightened exposure to money laundering or terrorism-financing risks in selecting cases. Both outlets describe the removals as part of AUSTRAC’s ongoing efforts to monitor and regulate the crypto and remittance sectors in line with Australian requirements.
While Cointelegraph highlights the effect of actions against specific scam-related operations, NDTV focuses more broadly on the categories of firms and compliance deficiencies involved. The underlying figures and regulator’s description of the enforcement outcomes are consistent across both reports.
