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BRIEF-Afterpay Touch Group Updates On Final Audit Report From AUSTRAC

Published 25/11/2019, 12:42 pm
© Reuters.  BRIEF-Afterpay Touch Group Updates On Final Audit Report From AUSTRAC
APT
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Nov 25 (Reuters) - Afterpay Touch Group Ltd APT.AX :

* UPDATES ON FINAL AUDIT REPORT FROM AUSTRAC

* REPORT REFERS TO MATTERS OF HISTORIC NON-COMPLIANCE BY CO AND MAKES RECOMMENDATIONS IN RELATION TO CO'S ONGOING AML/CTF COMPLIANCE

* INDEPENDENT AUDITOR HAS CONFIRMED THAT AFTERPAY'S CURRENT PROGRAM IS ALIGNED WITH AML/CTF ACT

* REPORT STATES THAT MAJORITY OF THESE MATTERS HAVE BEEN ADDRESSED, WITH REMAINDER COVERED IN RECOMMENDATIONS

* AFTERPAY FULLY ACCEPTS AND IS ACTIONING ALL RECOMMENDATIONS FROM INDEPENDENT AUDITOR

* REAFFIRMS THAT IT HAS NOT IDENTIFIED ANY MONEY LAUNDERING OR TERRORISM FINANCING ACTIVITY VIA SYSTEMS TO DATE

* COMPANY WILL CONTINUE TO FULLY COOPERATE WITH AUSTRAC IN RELATION TO REPORT

* INDEPENDENT AUDITOR SAYS CO IS A LOW RISK BUSINESS IN REGARDS TO ITS VULNERABILITY TO BE USED FOR MONEY LAUNDERING, TERRORIST FINANCING

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