According to PANews, Australian cryptocurrency exchange Cointree has been fined 75,120 Australian dollars by the financial regulatory body AUSTRAC for failing to promptly submit reports on suspicious transactions. The exchange has voluntarily disclosed compliance gaps and is currently upgrading its internal monitoring systems. Under Australian anti-money laundering regulations, suspicious financial activities must be reported within three business days, while suspected terrorist financing must be reported within 24 hours. AUSTRAC Director Brendan Thomas emphasized the importance of timely reporting in tracking criminal funds. This action is part of AUSTRAC's increased regulatory measures on the crypto industry since 2024, which have included penalties for 13 non-compliant businesses and warnings to over 50 institutions.