Summary: Australia’s financial crime watchdog ordered Binance’s local unit to appoint an external auditor due to concerns about its anti-money laundering and counter-terrorism financing controls. The move follows a review by AUSTRAC, highlighting limited independent review, lack of local staff, and weak senior management oversight.

Link: https://www.channelnewsasia.com/business/australia-watchdog-orders-binance-unit-conduct-audit-over-money-laundering-concerns-5308551