AUSTRAC suspends Cryptolink’s VASP registration for 3 months, shutting down 96 crypto ATMs over failures to meet AML/CTF reporting and information requirements

AUSTRAC suspended Cryptolink’s virtual-asset service-provider registration for three months after concluding that the company remained too high risk to continue operating its crypto-ATM network. The regulator says Cryptolink failed to meet basic threshold-transaction reporting obligations despite an earlier enforceable undertaking addressing alleged late reporting and weaknesses in its AML/CTF risk assessments…