Australia orders Cryptolink’s 96 crypto ATMs to shut down

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7. Australia orders Cryptolink’s 96 crypto ATMs to shut down

Australia‘s top financial crimes agency has suspended digital asset ATM operator Cryptolink, forcing it to shut down 96 machines across the country, amid ongoing concerns about the firm’s compliance with anti-money laundering and counter-terrorism financing (AML/CTF) obligations.

Cryptolink is a virtual asset service provider that operates a network of digital currency ATMs (CATMs) across Australia, allowing customers to exchange cash for digital assets. Such machines have been the subject of increasing scrutiny around the globe over the past few years, in particular in Australia.

The Australian Transaction Reports and Analysis Centre (AUSTRAC) began investigating Cryptolink in October 2025 after the financial sector watchdog’s digital currency taskforce identified alleged breaches of AML laws, including late reporting of threshold transactions and weaknesses in Cryptolink’s AML/CTF risk assessments.

“As part of our continued focus on digital currency as a money laundering risk, AUSTRAC has ongoing concerns about the company’s ability to manage high-risk transactions through its CATMs,” AUSTRAC CEO Brendan Thomas said in an August 10 press release. “While Cryptolink met the conditions stipulated in its enforceable undertaking, it subsequently failed to meet basic reporting obligations, particularly for threshold transaction reports.”