Operator Aml Australian Transaction Reports and Analysis Centre (AUSTRAC)· Australia · 2025-05-16

Crypto exchange $75k out of pocket for missing reporting deadlines

→ Cointree Pty Ltd

AUSTRAC issued infringement notices totalling AUD 75,120 to digital currency exchange provider Cointree Pty Ltd for allegedly failing to submit suspicious matter reports (SMRs) to AUSTRAC within the timeframes required by the AML/CTF Act. Cointree voluntarily disclosed the breaches, has paid the amount in full, and AUSTRAC said the payment does not constitute an admission of liability and concludes the matter.

Amount (EUR)

€68,711

Original currency

AUD 75,120

Action date

2025-05-16

Authority

Australian Transaction Reports and Analysis Centre (AUSTRAC)

Country

Australia

Primary source:
https://www.austrac.gov.au/news-and-media/media-release/crypto-exchange-75k-out-pocket-missing-reporting-deadlines ↗

Factual reporting based on the linked authority publication. Quoted summary generated from the official source by WagerX Forensic Team using AI-assisted extraction. This page is not legal advice, not an editorial opinion, and not commentary on parties beyond the facts stated by the authority. If you represent an entity named above and require a correction, contact us with the source reference.