Anti-Financial Crime & Financial Crime Compliance
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AMLi NEWS UPDATE: Australian fintech loses €500M overnight following communications from banking watchdog in EU over AML concerns

By Dan Byrne for AMLi

ABOUT €500M was erased off the value of an Australian Fintech in the course of one day following action from authorities over AML concerns.

EML Payments – an Australian card payments tech company based in Brisbane – has seen its share price tumble by nearly 50%, meaning a loss of over AU$800M.

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