Legal advice that wrongly classified Afterpay as a factoring service led to breaches in Australia’s strict anti-money laundering laws, an independent audit of the ASX-listed fintech payments provider has found. Afterpay shares have jumped more than 10% to above $33 in morning trade on Monday after the audit, by Neil Jeans of Initialism, broadly praised the… Read more »
Afterpay Touch boss David Hancock received the Finnies award for FinTech Organisation of the Year this week. Australian global fintech Afterpay has been “in dialogue” with the federal government’s financial crimes body, AUSTRAC, over concerns about potential money-laundering concerns, the company has revealed. In a statement to the ASX on Thursday, where the company revealed… Read more »
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