Skip to main content
Rules Mate
Enforcement/austracCWLTH

AUSTRAC cracks down on Cryptolink for late reporting

infringement30 Oct 2025Penalty $56K

Respondent

Cryptolink

Facts

AUSTRAC has issued Cryptolink an infringement notice of $56,340 and accepted a court-enforceable undertaking that addresses the company’s AML/CTF deficiencies.

Outcome

AUSTRAC infringement notice of $56,340 (paid) — Cryptolink, for late reporting of threshold transactions; AUSTRAC also accepted an enforceable undertaking requiring third-party reviews of its reporting and risk assessment (2025-10-30). Payment is not an admission. See the AUSTRAC source for the full terms.

What does this action mean for your compliance program?Hand this question to the Rules Mate AI advisor — it is already written for you. Cited answers from the live obligation, regulator and enforcement corpus.Ask the AI advisor

Read the source

https://www.austrac.gov.au/news-and-media/media-release/austrac-cracks-down-cryptolink-late-reporting

Rules Mate links to the regulator's own publication. We do not republish full decision text. Always verify the latest status against the source before acting.