(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 16, 2025, two "no-confidence motions" against French Prime Minister Lecornu in the National Assembly ended in failure.
On October 16, 2025, two "no-confidence motions" against Fr…
On October 16th local time, German Chancellor Merkel stated…
Recently, according to multiple international media outlets…
This week, a group representing major automobile manufactur…
When the trading bell fell on October 10th, the global fina…
Recently, a heavyweight news in the technology field has at…
© Copyright 2025, All Rights Reserved
