Australian authorities have imposed a $5.1 million fine on the operator of the Kraken cryptocurrency exchange for failing to comply with local financial regulations. The penalty was issued by AUSTRAC, the country's financial intelligence agency, citing breaches in anti-money laundering (AML) and counter-terrorism financing (CTF) obligations. The violations included inadequate customer verification processes and insufficient reporting of suspicious transactions. Kraken's operator has pledged to address the compliance shortcomings, emphasizing its commitment to regulatory adherence. The case highlights increasing regulatory scrutiny on cryptocurrency platforms in Australia, aiming to ensure transparency and mitigate risks associated with illicit financial activities.
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Mkt Cap $2.29T
BTC Dom 56.78 %
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ETH
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USDT
$0.999508
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BNB
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USDC
$0.999709
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XRP
$1.02
▼ -1.40%
SOL
$73.62
▲ +1.20%
TRX
$0.327399
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FIGR_HELOC
$1.03
▲ +2.50%
HYPE
$54.15
▼ -3.10%
DOGE
$0.069637
▲ +0.90%
USDS
$0.999986
▲ +0.00%
RAIN
$0.01272
▲ +1.30%
LEO
$9.76
▲ +0.10%
ZEC
$509.48
▲ +2.90%
ADA
$0.200978
▼ -2.10%
XMR
$376.53
▲ +1.90%
WBT
$56.11
▲ +0.60%
LINK
$8.17
▼ -0.60%
XLM
$0.160956
▼ -0.40%
DAI
$0.999852
▲ +0.00%
BCH
$214.98
▲ +0.70%
USD1
$0.999859
▲ +0.00%
USDE
$0.999928
▲ +0.00%
GRAM
$1.35
▼ -1.80%
Mkt Cap $2.29T
BTC Dom 56.78 %
BTC
$64,850.00
▲ +0.80%
ETH
$1,913.80
▲ +0.50%
USDT
$0.999508
▲ +0.00%
BNB
$592.17
▲ +0.10%
USDC
$0.999709
▲ +0.00%
XRP
$1.02
▼ -1.40%
SOL
$73.62
▲ +1.20%
TRX
$0.327399
▲ +0.20%
FIGR_HELOC
$1.03
▲ +2.50%
HYPE
$54.15
▼ -3.10%
DOGE
$0.069637
▲ +0.90%
USDS
$0.999986
▲ +0.00%
RAIN
$0.01272
▲ +1.30%
LEO
$9.76
▲ +0.10%
ZEC
$509.48
▲ +2.90%
ADA
$0.200978
▼ -2.10%
XMR
$376.53
▲ +1.90%
WBT
$56.11
▲ +0.60%
LINK
$8.17
▼ -0.60%
XLM
$0.160956
▼ -0.40%
DAI
$0.999852
▲ +0.00%
BCH
$214.98
▲ +0.70%
USD1
$0.999859
▲ +0.00%
USDE
$0.999928
▲ +0.00%
GRAM
$1.35
▼ -1.80%
BTC
$64,850.00
▲ +0.80%
ETH
$1,913.80
▲ +0.50%
USDT
$0.999508
▲ +0.00%
BNB
$592.17
▲ +0.10%
USDC
$0.999709
▲ +0.00%
XRP
$1.02
▼ -1.40%
SOL
$73.62
▲ +1.20%
TRX
$0.327399
▲ +0.20%
FIGR_HELOC
$1.03
▲ +2.50%
HYPE
$54.15
▼ -3.10%
DOGE
$0.069637
▲ +0.90%
USDS
$0.999986
▲ +0.00%
RAIN
$0.01272
▲ +1.30%
LEO
$9.76
▲ +0.10%
ZEC
$509.48
▲ +2.90%
ADA
$0.200978
▼ -2.10%
XMR
$376.53
▲ +1.90%
WBT
$56.11
▲ +0.60%
LINK
$8.17
▼ -0.60%
XLM
$0.160956
▼ -0.40%
DAI
$0.999852
▲ +0.00%
BCH
$214.98
▲ +0.70%
USD1
$0.999859
▲ +0.00%
USDE
$0.999928
▲ +0.00%
GRAM
$1.35
▼ -1.80%
Mkt Cap $2.29T
BTC Dom 56.78 %
BTC
$64,850.00
▲ +0.80%
ETH
$1,913.80
▲ +0.50%
USDT
$0.999508
▲ +0.00%
BNB
$592.17
▲ +0.10%
USDC
$0.999709
▲ +0.00%
XRP
$1.02
▼ -1.40%
SOL
$73.62
▲ +1.20%
TRX
$0.327399
▲ +0.20%
FIGR_HELOC
$1.03
▲ +2.50%
HYPE
$54.15
▼ -3.10%
DOGE
$0.069637
▲ +0.90%
USDS
$0.999986
▲ +0.00%
RAIN
$0.01272
▲ +1.30%
LEO
$9.76
▲ +0.10%
ZEC
$509.48
▲ +2.90%
ADA
$0.200978
▼ -2.10%
XMR
$376.53
▲ +1.90%
WBT
$56.11
▲ +0.60%
LINK
$8.17
▼ -0.60%
XLM
$0.160956
▼ -0.40%
DAI
$0.999852
▲ +0.00%
BCH
$214.98
▲ +0.70%
USD1
$0.999859
▲ +0.00%
USDE
$0.999928
▲ +0.00%
GRAM
$1.35
▼ -1.80%
