Australia Pulls 96 Crypto ATMs Offline Over AML Reporting Failures

The Australian Transaction Reports and Analysis Centre (AUSTRAC) has suspended crypto ATM operator Cryptolink's registration for 3 months, forcing its 96 cryptocurrency ATMs across Australia offline.

The regulator cited ongoing concerns over the company's anti-money laundering and counter-terrorism financing compliance.

Reporting Failures Trigger AUSTRAC's Action Against Cryptolink

The suspension began Sunday, August 9, according to AUSTRAC. CEO Brendan Thomas said the regulator remains concerned about how Cryptolink manages high-risk transactions through its machines.

Thomas also stated that the company failed to "meet basic reporting obligations."

"The company failed to submit these required reports or respond to AUSTRAC's request for information, thus we've deemed it too high risk to continue operating at present," the AUSTRAC CEO added.

The latest action follows an earlier compliance intervention in October 2025. AUSTRAC had identified late reporting of large cash transactions and weaknesses in Cryptolink's money-laundering and terrorism-financing risk assessments.

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