AUSTRAC Orders Binance Australia to Bring in an External Auditor

The post AUSTRAC Orders Binance Australia to Bring in an External Auditor appeared first on Coinpedia Fintech News

Australia’s financial watchdog, AUSTRAC, has directed Binance Australia to appoint an external auditor due to concerns about its anti-money laundering (AML) and counter-terrorism financing (CTF) controls. The regulator flagged serious issues with Binance’s compliance and governance, prompting this move to ensure stronger oversight. This step highlights growing regulatory scrutiny on crypto exchanges to improve security and transparency in the fast-evolving digital asset market in Australia. Binance must now cooperate closely with the auditor to address these concerns.