Australia’s Watchdog Fines Cryptolink $37,000 Over Crypto ATM Money Laundering Lapses
Australia’s financial intelligence agency AUSTRAC has imposed a A$56,340 penalty on crypto ATM operator Cryptolink for systemic failures in anti-money laundering compliance. The enforcement action, announced October 30, 2025, highlights regulatory scrutiny intensifying across digital asset infrastructure.
Cryptolink’s violations centered on delayed reporting of transactions exceeding the A$10,000 threshold—a critical blind spot in financial surveillance. AUSTRAC CEO Brendan Thomas emphasized crypto ATMs remain high-risk vectors for illicit fund movements, particularly scam-related flows.
The operator now faces court-mandated remediation including independent compliance audits and enhanced transaction monitoring protocols. This action follows AUSTRAC’s establishment of a dedicated Crypto Taskforce to address emerging risks in digital asset payment channels.
