This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Cryptolink faces penalties, court undertakings over Australian AML failures of crypto ATMs

( October 30, 2025, 00:14 GMT | Official Statement) -- MLex Summary: Cryptocurrency automatic-teller machine provider Cryptolink has been hit with an infringement notice of A$56,340 ($36,954) and court-enforceable undertakings over its late reporting of large cash transactions as well as weaknesses in its anti-money laundering assessments, Australia’s financial-crime watchdog has announced. In a statement, the Australian Transaction Reports and Analysis Centre said the infringement notice issued against Cryptolink addressed “previous non-compliance around reporting,” adding that crypto ATMs were “one of the highest risk money-laundering channels in Australia at the moment” that are being exploited by criminals to move scam proceeds.The full statement follows: ...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections