Austrac announced an increase in the number of crimes associated with cryptocurrency – Bits Media

by
AUSTRAC сообщил о росте количества связанных с криптовалютой преступлений - Bits Media

Australian Center for Accounting and Analysis of Financial Transactions (AUSTRAC) reported, that with the development of the digital assets industry, cases of their use for illegal purposes have become more frequent.

“Cybercrime is a growing threat to the Australians. According to Australian Cybersecurity Center (ACSC), in 2020-2021 financial years registered 500 Attacks of booze programs, What is almost on 15% more, than in the previous year ", - says the report.

The report was published immediately after, How the regulator has released two new guidelines, which should help organizations determine, when customers use cryptocurrency for illegal purposes, or when they are forced to pay to operators of robber programs. At the same time, Austrac warned, that debanking of customers is simply on suspicion of such activities is a harmful practice with serious negative consequences for the Australian economy.

The Austrac Austrac Program Guide to identify several signs of that, that the client is trying to pay a ransom. The list includes such types of behavior, as a manifestation of impatience about the speed of transactions, Sudden large transactions from new enterprises and transfer of all assets into cryptocurrencies. Austrac noted, that most "victims often do not want to report to law enforcement agencies about extortion", since they strive to save their business without unnecessary publicity and resume activities as avoiding downtime.

“If possible, encourage your customers to report incidents with robber programs to the ACSC ReportCyber ​​service and law enforcement agencies”, - writes the regulator.

In the manual for the illegal use of cryptocurrencies, Austrac has listed such actions, as evasion of taxes, Washing money, fraud and purchase of illegal products in a darknet. The regulator paid the greatest attention to laundering, presenting a brief presentation of its key components, which include "placement, stratification and integration ".

Despite the gradual tightening of the regulation of the crypto industry, Australia retains loyal attitude to digital assets. In early April, the Australian Directorate of Prudential Regulation (APRA) stated, that despite the supervisory functions, The department will not limit the development of the crypto industry.