OUR POSITION - Anti-Money Laundering in Digital Currencies

April 2020

digital currency

Digital currencies can be a magnet for money laundering and criminal conduct. Global regulation is not keeping pace with changes in technology, and virtual currencies and electronic platforms do not easily fit within existing legal principles.

How can digital currency platforms be regulated to detect money laundering and illicit financial flows?

Australia must extend the AML/CTF legislation to cover these platforms.