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‘Devastating impact’: Austrac warns banks against ditching crypto dealers – Sydney Morning Herald
The anti-money laundering regulator believes the mass debanking of cryptocurrency traders will lead to more criminal activity,…
Austrac brushed off that defence from the banks, saying it had higher expectations the banks would not deem a customer high risk because of the sector they worked in.
Although the decision to close an account may remain a necessary risk control, Austrac…
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