Binance Australia Must Conduct Audit Over Anti-Money Laundering Concerns, AUSTRAC Says

Australia’s financial crimes regulator, AUSTRAC, has directed Binance Australia to appoint an external auditor within 28 days after raising concerns about its anti-money laundering and counter-terrorism financing controls. The regulator cited gaps in governance, limited independent review scope, and high staff turnover. AUSTRAC said global crypto exchanges must adapt compliance systems to Australian law, warning that risk controls must reflect business scale and growing digital asset vulnerabilities.
Source: gadgets360-tech