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Australia Orders Binance Audit, Flagging ‘Serious Concerns’

Australia’s financial crimes agency ordered Binance Holdings Ltd.’s local arm to appoint an external auditor after finding “serious concerns” with money laundering and terrorism financing controls at the cryptocurrency exchange.The Australian Transaction Reports and Analysis Centre, known as Austrac, said its concerns were sparked by issues including Binance Australia’s latest independent review, which it described as “limited in scope relative to its size, business offerings and risks.” Austrac...

Read more at bloomberg.com

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