Afterpay Provides Interim Report of External Auditor to the AUSTRAC

  • September 25, 2019 12:42 PM AEST
  • Team Kalkine

Afterpay Touch Group Limited (ASX: APT) provided the confidential interim report of external auditor- Mr Neil Jeans to the Australian Transaction Reports and Analysis Centre (or AUSTRAC).

  • Mr Jeans advised that work is underway to complete the assessment of, and test implementation and compliance with, the various AML/CTF Programs in place.
  • Afterpay did not identify any money laundering or terrorism financing activity.
  • Afterpay mentioned that the payment system of the company could not be used for international fund transfers, and it has strict spending limits.

 

With the pandemic continuing to affect the globe, healthcare companies are evaluating their lead compounds for COVID-19 treatment. Future revenue for these stocks depends on the probability of launching an approved treatment in the market.

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