Australian financial crime watchdog calls for audit to investigate buy-now pay-later company’s compliance with terrorism-financing laws
The federal financial intelligence agency has ordered an external auditor to probe Afterpay’s compliance with money laundering and terrorism-financing laws.
Austrac said on Thursday that the scope of the audit will include the buy-now pay-later company’s identification and verification of customers as well as its suspicious matter reporting obligations.
Source: The Guardian
Afterpay faces audit after Austrac flags money-laundering concerns