Australia Slaps Cointree with Fine for Dragging Feet on Suspicious Crypto Transactions

BTCC / BTCC Square / decryptCO /

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2025-05-16 05:29:57

Australian Crypto Exchange Cointree Fined Over Delayed Suspicious Activity Reports

Regulators drop the hammer on Melbourne-based exchange after it missed deadlines for reporting shady activity—because nothing says ’compliance’ like a leisurely approach to financial crime.

Another day, another crypto firm learning the hard way that AML rules aren’t just suggestions. The AUSTRAC penalty reads like a case study in how not to run an exchange.

Pro tip for platforms: When whales start moving suspicious stacks, maybe don’t hit ’snooze’ on the alert button. Just a thought.

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