FILE PHOTO: Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) - Australia's agency for monitoring financial crimes said on Friday it had established an internal cryptocurrency task force to identify and take action against crypto ATM providers that do not comply with the country's anti-money laundering laws.
The Australian Transaction Reports and Analysis Centre (AUSTRAC) said its findings showed cryptocurrency was increasingly being exploited for money laundering, scams and money mule activities.
