Ad fraud

AUSTRAC says that in response to the findings and recommendations identified in the external audit report, Afterpay has improved its anti-money laundering and counter-terrorism financing compliance framework and financial crime function. The Buy Now Pay Later vendor came under scrutiny from AUSTRAC, the Australian Government agency responsible for detecting, deterring,

Australia’s financial crime watchdog AUSTRAC has ordered the appointment of an external auditor to examine Afterpay’s compliance with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (the AML/CTF Act). In response to the news Afterpay’s shares plummeted 13 per cent to $22.19 a share. The buy now, pay later scheme

Bitcoin, bubble, balloon, cryptocurrency

Australian exchanges traded more than $3.9 billion in cryptocurrencies last year, according to new research from Accenture and the Australian Digital Commerce Association (ADCA). The new research details activity levels, transactional values and trader demographics in the country for the first time based on data from seven Australian digital currency