FinanceMagnates
Australia’s financial crimes agency, AUSTRAC, has identified serious concerns about the local arm of Binance’s anti-money laundering and counter-terrorism financing (AML/CTF) controls and ordered the company to appoint an external auditor.The exchange operator now has 28 days to nominate external auditors for the agency’s “consideration and selection.”Binance Must Follow Local RegulationsThe announcement today (Friday) stated that the agency’s concerns were prompted by several issues…
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Binance Australia Has “Serious Concerns” Around AML Controls, Must Appoint Auditor
Arnab Shome
02:24
Australia’s financial crimes agency, AUSTRAC, has identified serious concerns about the local arm of Binance’s anti-money laundering and counter-terrorism financing (AML/CTF) controls and ordered the company to appoint an external auditor.The exchange operator now has 28 days to nominate external auditors for the agency’s “consideration and selection.”Binance Must Follow Local RegulationsThe announcement today (Friday) stated
