Binance Australia was responsible for appointing an external auditor by whitening the fight against the country (AML) regulator.
Australian and analysis transaction reports center (Austrac) said that he had identified “serious concerns” with the financing of LMA and terrorism of the Crypto Exchange and (CTF) Orders.
Binance Australia has 28 days to appoint external listeners for the consideration of Austrac.
Austrac said it has reported concerns about AML / CTF governance in Binance according to its high turnover and a lack of local resources and superior managers.
“We have committed ourselves openly and transparently with Austrac in recent months and continue to assess their advice, their expertise and supervision,” said Matt PoBlocki, Managing Director of Binance Australia and New Zealand, according to a Bloomberg report. “We remain determined to maintain the best compliance standards and continuously improve our capacities.”
Binance did not immediately respond to the request for comments from Coindesk.
The Binance Empire has had a difficult relationship with regulators over the years. A series of regulatory organizations has issued warnings on the authorization of the exchange (or its absence) Operating in 2021. This reached his head in 2024 when the founder Changpeng “CZ” Zhao was sentenced to four months in Federal American prison after pleading guilty for violation of money laundering laws.
Austrac has attempted to adopt a proactive approach to its surveillance in the digital asset industry in recent months, has recently promulgated a series of measures on crypto automatic counter suppliers concerning the concerns about their alleged use for scams.
