Australia: Transaction Reports and Analysis Centre investigation into Binance's compliance with anti-money laundering and counter-terrorism financing regulations
Progress
Current status
under investigation
22 Aug 2025 under investigation
Scope
Implementers
Australia
Policy Area
Consumer protection
Policy Instrument
User identification requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
Transaction Reports and Analysis Centre ordered Binance to appoint external auditor over concerns of non-compliance with anti-money laundering and counter-terrorism financing regulations
On 22 August 2025, the Australian Transaction Reports and Analysis Centre (AUSTRAC) directed Investbybit, which operates Binance in Australia and is a registered digital currency exchange provider, to appoint an external auditor within 28 days after…
SourceEvent type
investigation
Action type
interim ruling
Government branch
executive
Government body
other regulatory body