(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.
Recently, the US political and financial circles have been shrouded in a tense atmosphere, with the focus on Trump's urgent pressure on the Federal Reserve to cut interest rates.
Recently, the US political and financial circles have been …
US President Trump claimed that a "detailed peace plan" rel…
Recently, the European Union fined Apple 500 million euros …
In April 2025, Harvard University sued the Trump administra…
In the current context of the increasingly severe global cl…
According to the latest survey, most Americans now show lit…
© Copyright 2025, All Rights Reserved
