Month: August 2025

source: webopedia.com

ASIC Ramps Up Online Scam Crackdown as Crypto Frauds Persist

Australia’s corporate watchdog is intensifying its war on online scams after removing more than 14,000 fraudulent websites since mid-2023, with thousands linked to cryptocurrencies. The Australian Securities and Investments Commission (ASIC) revealed on Thursday that over 3,000 of those takedowns involved crypto-related scams, alongside a mix of phishing sites and ...

source: linkedin.com

AUSTRAC Orders Independent Audit of Binance Australia Over AML Concerns

Australia’s financial intelligence agency, AUSTRAC, has ordered Binance Australia to undergo an independent audit following concerns over the exchange’s anti-money laundering and counter-terrorism financing (AML/CTF) controls. The directive, announced on August 22, targets Investbybit Pty Ltd, Binance’s local entity registered as a digital currency exchange provider. Despite Binance’s status as ...

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