Australian Crypto Exchange Cointree Fined Over Delayed Suspicious Activity Reports

Quick Summary:

Cointree was fined after voluntarily disclosing delays in filing suspicious activity reports, as AUSTRAC intensifies crypto oversight.

It has since launched enforcement actions against 13 crypto businesses and warned over 50 others of potential compliance failures.

In 2024, AUSTRAC identified risks such as pseudonymity, global reach, and speed of transfers as key concerns within the sector.

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Article Details

Author / Journalist: Vismaya V

Category: Crypto

Markets: EstoniaAustralia

Topics: Exchanges Anti-money laundering Financial regulator Law and Order AUSTRAC

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-16 @ 05:29:57 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 401 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 28740306

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 6 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 13 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #63

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