SP1 0.00% $1.07 southern cross payments ltd

AML law changes - AUSTRAC weakening regulations

  1. 1,248 Posts.
    lightbulb Created with Sketch. 358
    Just saw ABC report saying the new rules might increase money laundering into the Australian Sharemarket. 5day grace for identifying new stockbrokjng accounts instead of before, feedback date past.
    Banks are happy to take dirty money as it increases profits was also mentioned.
 
watchlist Created with Sketch. Add SP1 (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.