{"id":573994,"date":"2026-03-30T10:49:11","date_gmt":"2026-03-30T10:49:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/573994\/"},"modified":"2026-03-30T10:49:11","modified_gmt":"2026-03-30T10:49:11","slug":"news-binance-fined-6-9m-over-compliance-failures-in-australia","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/573994\/","title":{"rendered":"NEWS: Binance\u00a0fined $6.9m over compliance failures in Australia"},"content":{"rendered":"<p>By \u200bKumar Tanishk<\/p>\n<p>THE Australian federal court has ordered Binance\u2019s local unit to pay A$10 million ($6.9 \u200bmillion) for misclassifying over 85% of its Australian clients \u200cthat exposed them to high-risk crypto products, the country\u2019s securities regulator said.<\/p>\n<p>The penalty follows a\u00a0lawsuit\u00a0by the Australian Securities and Investments \u200bCommission (ASIC) in late 2024 alleging the misclassification exposed \u200bretail investors to high-risk crypto derivatives without required protections.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/01\/phone-tablet-desktop.png\" alt=\"AML Intelligence\"\/><br \/>\nSubscribe now to have unlimited access<\/p>\n<p class=\"amlpmp-content-message__description\">With our membership subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines &amp; Penalties database, free access to Boardroom Series and more!<\/p>\n<p><a class=\"amlpmp-content-message__button amlpmp-content-message__button--primary\" href=\"https:\/\/www.amlintelligence.com\/membership-account\/membership-levels\" rel=\"nofollow noopener\" target=\"_blank\">View subscription options<\/a><a class=\"amlpmp-content-message__button amlpmp-content-message__button--transparent\" href=\"https:\/\/www.amlintelligence.com\/login\" rel=\"nofollow noopener\" target=\"_blank\">If you have an account, log in<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"By \u200bKumar Tanishk THE Australian federal court has ordered Binance\u2019s local unit to pay A$10 million ($6.9 \u200bmillion)&hellip;\n","protected":false},"author":2,"featured_media":573995,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[208259,64,63,16518,13996,44],"class_list":{"0":"post-573994","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-australia","8":"tag-aml","9":"tag-au","10":"tag-australia","11":"tag-compliance","12":"tag-crypto","13":"tag-news"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/573994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=573994"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/573994\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/573995"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=573994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=573994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=573994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}