Australia’s transaction reporting and analysis centre AUSTRAC has tightened oversight of high-risk payment and cryptocurrency sectors, cancelling or suspending registrations or refusing renewals for 45 remittance firms and virtual asset service providers over the past year. It removed operators lacking capacity, inactive for long periods or insolvent, and took action over missing change notifications and registration gaps. AUSTRAC also suspended Cryptolink’s registration for three months covering 96 ATMs and opened a separate probe into Western Union.