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Anti-Money Laundering Regulation: Strategies and Challenges of Australia and the United States in Digital Currency Legal Responses

Advance in Law / 2025,7(4): 283-294 / 2025-08-22 11 3

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• Authors: Lei Wang
• Information:

  The University of New South Wales, Sydney, Australia

• Keywords:
  Anti-Money Laundering; Cryptocurrency Regulation; Blockchain Analytics; Digital Assets; Financial Crime Enforcement
• Abstract: With the rapid popularity of digital assets and the continuous expansion of the virtual currency market, traditional anti-money laundering (AML) regulatory methods and means are completely insufficient to deal with current problems. Regulatory mechanisms play a key role in disrupting criminal networks operating through digital means, so responses must be accelerated, and the development of anti-money laundering-related technologies must be accelerated. As a leading country in the field of global financial regulatory innovation, the United States’ existing regulatory framework for digital assets and virtual currencies has continued to improve in recent years. In terms of the regulatory framework, we have achieved good results in various aspects. This article aims to compare the implementation of anti-money laundering supervision in Australia and the United States and explore how Australia, as a country, can use advanced technology and modify the regulatory framework to deal with the challenges posed by digital assets according to its conditions. In addition, because money laundering crimes have cross-border characteristics, we must also pay attention to the role of international cooperation in anti-money laundering law enforcement.
• DOI: https://doi.org/10.35534/al.0704026
• Cite: Wang, L. (2025). Anti-Money Laundering Regulation: Strategies and Challenges of Australia and the United States in Digital Currency Legal Responses. Advance in Law, 7(4), 283-294.