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Binance to appoint external auditor, following Australian watchdog's AML concerns

( August 22, 2025, 07:54 GMT | Official Statement) -- MLex Summary: The Australian division of Binance must appoint an external auditor, after Australia’s financial-crime watchdog identified “serious concerns” with the cryptocurrency exchange’s anti-money laundering and counter-terrorism financing controls. In a statement, the Australian Transaction Reports and Analysis Centre said it had ordered the auditor’s appointment to Investbybit, Binance Global’s Australian arm, after an independent review had raised concerns. Austrac also flagged concerns about high staff turnover at Binance and a lack of local resourcing and senior management oversight, raising questions about the adequacy of its AML/CTF governance.The full statement by Austrac follows: ...

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