AUSTRAC probes Afterpay for anti-money-laundering risks
Buy-now, pay-later fintech player Afterpay has been in talks with the regulator for "some time" about potential breaches of anti-money-laundering laws.
In an update to the Australian Securities Exchange on Thursday, Afterpay said it was "currently in dialogue" with the Australian Transaction Reports and Analysis Centre (AUSTRAC) about issues it raised about Afterpay's compliance with anti-money-laundering and counter-terrorism fianancing (AML/CTF) laws.
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