In brief
- AUSTRAC has fined crypto exchange Cointree for failing to submit suspicious matter reports within required timeframes.
- The exchange self-disclosed the reporting lapses and is taking steps to improve internal compliance systems.
- AUSTRAC CEO Brendan Thomas said timely reports are critical to fighting financial crime and warned non-compliant firms face tougher enforcement.
Australia’s financial intelligence agency has fined Melbourne-based crypto exchange Cointree $75,120 for failing to submit suspicious activity reports within the required timeframe.
The Australian Transaction Reports and Analysis Centre took enforcement action after the crypto exchange voluntarily disclosed delays in meeting its anti-money laundering…
May 16 2025
