Australia Suspends Cryptolink’s 96 Crypto ATMs for AML Failures

Australia's financial intelligence agency AUSTRAC has suspended Cryptolink's registration for three months, shutting down 96 cryptocurrency ATMs across the country. The suspension, effective August 9, follows repeated failures to meet anti-money laundering reporting obligations.

AUSTRAC said Cryptolink neglected to file mandated threshold transaction reports even after previous regulatory action. The company also failed to respond to an official information demand from the agency. AUSTRAC determined the company posed an unacceptable risk to the financial system.

Cryptolink operates terminals that let users convert physical cash into digital tokens. Its 96 machines are located in Sydney and Melbourne. The suspension prohibits the company from providing any registered digital asset exchange services during the ban.

This is not the first enforcement against the operator. In October 2025, AUSTRAC cited Cryptolink for delayed transaction reporting and inadequate AML and counter-terrorism financing risk management. The company agreed to an enforceable undertaking and paid a A$56,340 penalty.

AUSTRAC said Cryptolink met the terms of that earlier undertaking. New reporting gaps emerged. The agency expressed concern about how the company handled high-risk transactions processed through its crypto ATM network.