Business
Afterpay’s AUSTRAC all-clear is a win and a warning – The Australian Financial Review
The fintech company’s growth might be aided by a start-up mindset, but its approach to compliance needs to be commensurate with its market capitalisation.
Frankly, it better.
As a start-up player in an emerging sector, Afterpay has seemingly been prepared to test its regulatory boundaries. But the size and scale it has worked so hard to achieve must bring a different attitude.
Not only are $27 billion companies held to a higher standard, but seemingly small risks can be magnified in what is now a much bigger business.
Or as the external auditors report into the AUSTRAC matter said: Whilst the actual money laundering and terrorism financing risk…
-
Noosa News18 hours agoMan dies in Brisbane crash, women and girl rushed to hospital
-
Business23 hours agoAre BHP shares are buy after its results?
-
Noosa News24 hours agoChilling new details emerge in terrifying childcare centre incident in Peregian Springs on the Sunshine Coast
-
Business14 hours agoWhere next for the CBA share price?