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Australian Regulator Fines Crypto Firm Cointree $75K

  • Australian regulator AUSTRAC fines crypto firm Cointree $75K for delayed SMR reporting.
  • AUSTRAC acknowledges Cointree's cooperation and encourages industry to enhance compliance measures.
  • Timely submission of suspicious activity reports plays a crucial role in safeguarding national security.
  • AUSTRAC emphasizes the importance of swift reporting to prevent financial crimes and money laundering in the digital currency exchange sector.

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