SP1 southern cross payments ltd

ASIC Commences Proceedings Against ISX and JK, page-552

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    you are focussing on outcomes, that no specific AML breaches occurred. VISA's issues were with governance and understanding of appropriate processes, which from the VISA statements (not corrected by ISX), ISX itself admitted it had short comings.

    that doesn't mean ISX hasn't conducted it's own internal audits. Its a totally different issue.

    funny that the ISX response mentions there were other reasons for the termination, but decided not to disclose what they were.. they are at least now understood from the ASIC SOC
 
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