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...

source: theblock.co

TRM Labs Unveils Beacon Network to Combat Crypto Crime in Real Time

Blockchain intelligence firm TRM Labs has launched the Beacon Network, the first real-time crypto crime response system designed to stop illicit funds before they exit the blockchain. The initiative brings together major exchanges, stablecoin issuers, and law enforcement agencies...

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