Australian Federal Police Established a Crypto Unit to Target Criminals (Report)

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Australian Federal Police Established a Crypto Unit to Target Criminals (Report)
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The AFP's cryptocurrency unit will encounter bad actors who use digital assets in money laundering and other financial crimes.

The AFP’s cryptocurrency unit will encounter bad actors who use digital assets in money laundering and other financial crimes.

Applying strict regulations on the digital asset sector has been a mission for the Aussie government for a while now. Last year, former Federal Treasurer – Josh Frydenberg – said a “comprehensive payments and crypto-asset reform plan” is on the agenda for 2022. Earlier this year, the nation’s newly-elected Prime Minister – Anthony Albanese – doubled down on those plans.

“The environment was such that we felt a standalone team [was required], rather than a lot of officers picking up some of this skill set as part of their overall role. So we’ve now got a dedicated team that continues to grow,” Jerga explained. In March this year, the Australian Labor Party won the government elections, while its political leader – Anthony Albanese – became the next Prime Minister. Upon stepping into office, the new cabinet

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