Anti-Financial Crime & Financial Crime Compliance
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AML, Australia, Compliance, Financial Crime, Financial Services

NEWS: Australian regulator accepts PayPal unit’s undertaking for money laundering laws

AUSTRALIA’S financial crime regulator said today (Friday) it accepted an enforceable undertaking from payments giant PayPal Holdings’ local unit to ensure its compliance with the country’s anti-money laundering and counter-terrorism financing laws. In 2019, AUSTRAC, which is tasked with ensuring compliance with the laws, had ordered PayPal Australia Pty Ltd to appoint an external auditor…

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