AUSTRAC Suspends 45 Crypto and Remittance Registrations in Crackdown

AUSTRAC, Australia's financial intelligence agency, has been quietly cracking down on crypto and remittance registrations. Over the past year, they have canceled or suspended 45 registrations for businesses that pose a risk to money laundering and terrorism financing.

The most prominent action was against BA Digital Ventures Pty Ltd, which traded as GetCoins. Its registration was canceled after customer complaints linked to organized investment scams. AUSTRAC framed this as a disruption measure rather than just a compliance technicality.

A second notable action came when Cryptolink Pty Ltd's registration was suspended on August 9, 2026. This shut down 96 crypto ATMs across Australia.