Ann: UK Financial Conduct Authority approves AEMI, page-45

I really can’t get my head around this.

The worlds financial capital grants an e-money license in addition to our existing UK/EU banking authorisations while down in Aus we are subject to a year long unsubstantiated witch-hunt that has yielded zero evidence of wrongdoing.

What the hell is going on?

Meanwhile our financial regulators remain silent. How does any of this promote confidence in our markets and regulatory structure.

If this goes down as it is increasingly looking and a damages claim well north of $100m is awarded I reckon ASIC and ASX are looking down the barrel of a parliamentary enquiry at the very least.

What a disgrace!