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Crypto ATMs used to buy illicit tobacco, launder cash, top Australian official says

( November 7, 2025, 02:35 GMT | Official Statement) -- MLex Summary: Crypto automatic teller machines are being used to buy illicit tobacco products and to launder the cash proceeds, Australia’s financial-crime watchdog has warned. In a statement, the Australian Transaction Reports and Analysis Centre directed banks to take “immediate action to strengthen oversight of tobacco and convenience stores with private ATMs” and payment systems. “Where banks continue to provide services to tobacconists and convenience stores, they must closely monitor for and report suspicious matters,” Austrac CEO Brendan Thomas said in the statement.The full statement follows: ...

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