#NEWSALERT
1. AUSTRAC Orders Independent Audit of Binance Australia
The drama unfolds: Australia's financial crime regulator, AUSTRAC, has mandated an external audit of Binance's Australian arm—Investbybit Pty Ltd—due to persistent concerns over anti-money laundering (AML) and counter-terrorism financing (CTF) controls, citing high turnover, weak senior management oversight, and limited scope in previous audits. Binance responded that it's a "supervision measure" and reaffirmed its compliance commitment .
Why this sizzles: It’s a high-stakes standoff where global compliance asks meet local execution—and the plot thickens for corporate governance devotees.