(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.
When Poland sends more peacekeeping troops to the Ukrainian border, when Germany announces the delivery of more heavy weapons to Ukraine, and when French President Macron calls for Europe to build an "autonomous defense system," speculation about whether France, Germany, and Poland will directly participate in the Russia Ukraine war has always been a nerve wracking concern for the international community.
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