But Visa notified ISX of the breach. Why would Visa notify ISX?
I'll leave the response to you, since you're the expert in all these matters.
Why was the information requested by ASIC in the first place?
Let me guess: to investigate ISX for money laundering.
But who decided ISX should be investigated for money laundering and why?
Let me guess: the quality of clients (who were issued financial services licenses and ISX is helping them meet their AML and CTF obligations) is questionable as per the ASX's expertise. At best they appear dodgy, at worst they are convicted criminals.
Let me make another guess: Visa sees this company has been suspended and is being investigated by ASIC. Hmm they must be dodgy and could damage our brand. Let's not associate with them anymore. Let's suspend them and investigate the claims. Status changed to 'suspended by AML'. ASX sees this and... Wow we've finally found the smoking gun. Suspended by Visa for money laundering. Quick quick ASIC let's get the data and nail these MFs once and for all.
Hmm, but these same clients are still processed through MasterCard, American Express, Diner's Club, Union Pay, JCB, etc. that ISX is still a principal participant of. No suspension, all audits passed, no allegations of money laundering. For some reason these money laundering clients seem to prefer only the Visa scheme.
And since the Visa suspension, what has come out of the investigation? Nothing. What did the IE find? Nothing of significance.
If you still can't see a conspiracy here...
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