Australia's anti-money laundering authority has ordered Cryptolink's Bitcoin ATMs to be taken offline for three months, intensifying a regulatory crackdown that had already resulted in a $56,340 fine for the operator.

The financial watchdog, AUSTRAC, cited "ongoing concerns" regarding the company's adherence to its anti-money laundering duties as the reason for the suspension. This move is part of a larger effort by Australian authorities, which have been targeting the criminal use of crypto ATMs since at least late 2024. The country notably has the highest concentration of crypto ATMs in the entire Asia-Pacific region.

In a statement on Monday, AUSTRAC CEO Brendan Thomas confirmed that the company's registration as a Virtual Asset Service Provider (VASP) was suspended for a three-month period effective Sunday. This directive means that Cryptolink's network of crypto ATMs is forbidden from operating during this time.

According to AUSTRAC, the enforcement action was necessary because Cryptolink did not fulfill fundamental reporting obligations, specifically failing to submit required threshold transaction reports. The company also reportedly failed to comply with an information request from the regulatory body.

"As part of our continued focus on digital currency as a money laundering risk, AUSTRAC has ongoing concerns about the company’s ability to manage high-risk transactions through its CATMs," stated Thomas.

This suspension is not the first disciplinary measure against the company. The action follows an enforceable undertaking that Cryptolink entered into with AUSTRAC back in October 2025. At that time, the agency's Cryptocurrency Taskforce had uncovered alleged violations, including delays in transaction reporting and weaknesses in Cryptolink's risk assessment procedures. In connection with those findings, AUSTRAC also issued a $56,340 infringement notice, which Cryptolink subsequently paid.

Cryptolink operates a network of 96 ATMs across Australia, which enable customers to exchange physical cash for Bitcoin. The majority of these machines are situated in major metropolitan areas such as Sydney, Melbourne, and Brisbane.

Cointelegraph has reached out to Cryptolink seeking a comment on the suspension.