Popular payment platforms and digital currency exchanges such as Binance and Swyftx will come under intense scrutiny next year when the financial crime watchdog launches a crackdown on poor compliance.
Citing the proliferation in digital services, AUSTRAC acting chief executive Pete Soros said the best approach was to engage early with platforms before they were abused by criminal groups.
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Ronald Mizen is the Financial Review’s political correspondent, reporting from the press gallery at Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com
