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AUSTRAC probes Afterpay for anti-money-laundering risks

Misa Han

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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Misa Han writes on news and business from our Sydney newsroom. Connect with Misa on Twitter. Email Misa at misa.han@afr.com.au

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    Original URL: https://www.afr.com/companies/financial-services/austrac-probes-afterpay-for-anti-money-laundering-risks-20190606-p51v34