BTCC
/
BTCC Square
/
decryptCO
/
Australia Slaps Cointree with Fine for Dragging Feet on Suspicious Crypto Transactions
Australia Slaps Cointree with Fine for Dragging Feet on Suspicious Crypto Transactions
9
2
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.
Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.Your EmailGet it!Get it!
By:
