AUSTRAC removes 45 businesses as scrutiny intensifies on high-risk payments
AUSTRAC cancelled, suspended or refused to renew 45 remittance and virtual asset registrations over the past year. Shows the regulator is actively pruning its registers rather than just warning.
What it means for business
It may be worth flagging to clients in remittance or digital asset businesses.
What does this mean for your business?
If this development touches your contracts, compliance or reporting, it may be worth a short conversation. Get in touch through our contact page and a senior lawyer will reply within one business day.
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