AUSTRAC launches a public VASP register, enabling consumers and businesses to verify whether crypto providers are registered and regulated, strengthening transparency and AML oversight

The public register lists all virtual asset service providers registered with AUSTRAC and is designed to improve transparency, help identify legitimate providers and support efforts to combat money laundering, terrorism financing and other serious crimes. AUSTRAC says VASPs must be registered before offering designated services in Australia and may have registration suspended, cancelled or refused where they pose unacceptable ML/TF, people…