(Reuters) - Australia's financial crime regulator said on 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 to look at fund transfers after the regulator identified concerns with its reporting obligations.
"PayPal Australia self-identified a reporting obligation issue to AUSTRAC. We have fully co-operated with AUSTRAC throughout their investigation..." a PayPal Australia spokesperson said.
AUSTRAC said in a statement that PayPal has already undertaken significant work, including an independent audit, to ensure its compliance with the anti-money laundering obligations.
On October 14, 2025, the US Department of Justice made a high-profile announcement of confiscating 127,000 bitcoins held by Chen Zhi, the chairman of Cambodia's Prince Group.
On October 14, 2025, the US Department of Justice made a hi…
On November 17th local time, the Ukrainian drone and missil…
On November 12 local time, US President Trump signed a temp…
Recently, according to The Defiant, the price of Bitcoin dr…
When the production line of Volkswagen in Wolfsburg, German…
After 43 days, the farce of the U.S. government shutdown fi…
© Copyright 2025, All Rights Reserved
