Binance Australia said it fully understands and respects the Australian Transaction Reporting and Analysis Centre's (AUSTRAC) decision to appoint an external auditor to independently review our anti-money laundering related programs. This is part of its regulatory review measures, not an enforcement action. We have been in open and transparent communication with AUSTRAC over the past few months and value its professional guidance and oversight. Binance will always be committed to maintaining industry-leading compliance standards and continue to strengthen its capabilities.
Binance understands that responsible growth means always putting user safety first. To this end, we have invested more than 1,200 employees in compliance, accounting for nearly 22% of our global workforce, and expect compliance spending to increase by 33% this year. We will also further build and expand our local compliance and operational capabilities to ensure a robust governance system. As the crypto industry continues to evolve, we will continue to work hand in hand with regulators to uphold the highest industry standards.
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has ordered an audit of the Australian operations of global cryptocurrency exchange Binance.
Binance Australia responds to the Australian Transaction Reporting and Analysis Centre's audit of Binance's anti-money laundering strategy
2025-08-22 07:14:54
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