Australia Orders Audit of Crypto Trading Giant Binance

Binance Australia Directed to Appoint External Auditor Over 'Serious Concerns'

Binance Australia has 28 days to nominate external auditors for AUSTRAC's consideration.

Australia orders audit of crypto trading giant Binance

Australia has ordered the local arm of the world's largest cryptocurrency exchange, Binance, to appoint an external auditor after identifying "serious concerns" with its money laundering and terrorism financing controls.

Money laundering watchdog calls in auditors at Binance

AUSTRAC has told Binance Australia to appoint an external auditor, amid concerns about its ability to govern its money laundering and terrorism financing risks.

Australian Regulator AUSTRAC Orders External Audit of Binance

The post Australian Regulator AUSTRAC Orders External Audit of Binance appeared on BitcoinEthereumNews.com. Australia’s regulator AUSTRAC has ordered Binance’s local unit to undergo an external audit The order was triggered by “serious concerns” over weak AML controls and poor management This action is part of a continuing pattern of global regulatory scrutiny faced by Binance The regulatory spotlight is once again fixed on Binance. Australia’s …

Australia orders audit of crypto trading giant Binance – France 24

"AUSTRAC has directed Binance Australia to appoint an external auditor after identifying serious concerns with the crypto exchange's anti-money … Source link The post Australia orders audit of crypto trading giant Binance – France 24 first appeared on Crypto News Wire.

Binance Faces Austrac Scrutiny Over AML Controls Amid Global Compliance Concerns

Austrac’s latest move against Binance Australia underscores the growing scrutiny and regulatory expectations placed on cryptocurrency exchanges operating in high-risk environments. The order for Binance to appoint an external auditor stems from serious concerns about its money laundering controls, highlighting the critical need for robust compliance frameworks in the crypto sector. Source