The Albanese government is cracking down on crypto ATMs as it moves to beef up the powers of Australia's anti-money laundering and counter-terrorism financing regulator.

Home Affairs Minister Tony Burke will announce the changes, which will include the ability to ban crypto ATMs, in a speech to the National Press Club in Canberra on Thursday.

"It is about legitimising the good actors and shutting out the bad - giving business certainty and consumers' confidence," Mr Burke said in a written excerpt seen by this masthead.

Amendments to the Anti-Money Laundering/Counter Terror Financing Act will give the Australian Transaction Reports and Analysis Centre (AUSTRAC) the power to restrict or prohibit certain "high-risk financial products, services and delivery channels, including crypto ATM

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