{"id":144632,"date":"2024-12-12T18:30:46","date_gmt":"2024-12-12T16:30:46","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=144632"},"modified":"2024-12-12T15:06:36","modified_gmt":"2024-12-12T13:06:36","slug":"australia-targets-crypto-industry-with-stricter-rules","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/australia-targets-crypto-industry-with-stricter-rules\/","title":{"rendered":"Australia Targets Crypto Industry with Stricter Rules"},"content":{"rendered":"

The Australian Transaction Reports and Analysis Centre (AUSTRAC) has laid out<\/a> <\/strong>plans to strengthen oversight, targeting high-risk industries like crypto exchanges, real estate, and legal services. This comes after recent updates to the country\u2019s Anti-Money Laundering and Counter-Terrorist Financing (AML\/CTF) framework, reflecting an ongoing push to bring the crypto sector under more stringent control.<\/p>\n

One of the central aspects of these new rules is the enhanced customer due diligence (CDD) requirements for businesses. Firms in high-risk sectors, including crypto services, will be required to verify identities, track suspicious transactions, and maintain greater transparency in cross-border asset movements.<\/p>\n

Additionally, AUSTRAC is looking to implement stricter measures for international transfers and a refined approach to the “Travel Rule,” aiming to ensure compliance across borders.<\/p>\n