ChainCatcher news, the Australian Transaction Reports and Analysis Centre (AUSTRAC) has taken regulatory action against 13 remittance service providers and cryptocurrency trading platforms, while issuing compliance warnings to over 50 institutions.AUSTRAC CEO Brendan Thomas stated that the agency rejected the registration renewal applications of 6 providers due to serious violations by key personnel that affect their integrity. Additionally, 2 providers were subjected to conditional restrictions for failing to meet requirements within the deadline.Currently, there are 417 digital currency trading platforms registered with AUSTRAC and 5,112 remittance registered entities in Australia. Notably, the two defunct cryptocurrency trading platforms, FTX Australia subsidiary FTX Express and Zipmex Australia, have been removed from the country's digital currency exchange registration list.AUSTRAC indicated that this action stems from the agency's discovery of systemic issues related to unreported and underreported suspicious transactions in the remittance and digital currency trading platform industry. The agency plans to strengthen regulation of the cryptocurrency industry by 2025.