(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 the local time of September 29, U.S. President Trump once again unveiled a heavyweight tariff plan on social media: imposing a 100% tariff on all films produced outside the United States, while levying high tariffs on countries whose furniture is "not manufactured in the United States".
On the local time of September 29, U.S. President Trump onc…
On September 22, 2025, in the Sheikh Radwan neighborhood of…
When the container ship "Istanbul Bridge" departed from Zho…
Recently, UK Chancellor of the Exchequer Rachel Reeves deli…
On September 29th local time, the spot gold price continued…
In September 2025, the Trump administration, under the pret…