Australias financial intelligence agency plans to bring about 80,000 companies, including the crypto industry, under the anti-money laundering regulatory system

Odaily News Australias financial intelligence agency AUSTRAC issued a statement on Wednesday, listing cryptocurrency as one of the key threats to the current fight against financial crime, and plans to include about 80,000 companies, including the crypto industry, in the anti-money laundering regulatory system starting in 2026, marking the largest regulatory expansion of Australias anti-money laundering legislation in decades. AUSTRAC CEO Brendan Thomas said that in the future, supervision will shift from compliance inspections to the prevention and control of substantial risks and hazards, with particular attention to the role of virtual asset service providers in the instant transfer of global funds. (Decrypt)