(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.
Against the complex backdrop of blocked shipping in the Strait of Hormuz and pressure on the global crude oil supply chain, the Organization of the Petroleum Exporting Countries (OPEC) recently issued a statement on the 7th stating that seven major OPEC+oil producing countries have decided to increase their daily crude oil production by 188000 barrels in July. So far, major oil producing countries have announced production increases for four consecutive months.
Against the complex backdrop of blocked shipping in the Str…
On June 11, 2026 local time, John Healey, Britain’s Defence…
On Thursday, SpaceX officially set the pricing for the larg…
On June 10th, the US Department of Commerce urgently issued…
According to ABC News, recently US President Trump claimed …
In the past month, the U.S. tech industry laid off 38,242 p…
© Copyright 2026, All Rights Reserved
