🚨 Binance Australia Faces AUSTRAC Audit
AUSTRAC has ordered Binance Australia to appoint an external auditor within 28 days over concerns about its AML/CTF controls. Issues flagged include limited reviews, weak local oversight, and high staff turnover.
Binance says it’s cooperating fully, boosting compliance investment by 33%, and stressing this is a supervisory review, not a penalty.
👉 Why it matters: Regulatory trust, governance strength, and investor confidence are on the line—key themes for the crypto community.
