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ASX "Spitballs" and Suspends iSignthis Ltd on Mere Suspicion, page-6

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mags001

1,663 Posts.

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31/08/21

18:58

Post #: 55725058
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Originally posted by aes411: ↑

Wow. Just Wow.

Relentless and inaccurate reporting by the Australian Financial Review (AFR), which claimed that there were AML concerns in relation to ISX and its relationship with its Danish bank, of which ISX was a mere depositing customer, were pure fiction.
Visa Inc had concluded a successful onsite AML audit of ISX in November 2019, which raised no red flags.
iSignthis' EU regulators had also conducted routine onsite AML and operations audits earlier that year, and did not raise any concerns.
Following the AFR fictional stories, AUSTRAC conducted queries, Mastercard conducted an onsite audit, and a number of external auditors conducted their own extensive audits.
None of these audit reports raised any 'systemic' AML issues as had been claimed.
No financial services or prudential regulator, anywhere, has fined, sanctioned or issued a notice in relation to ISX and its AML processes or its business activities.

https://www.abnnewswire.net/press/en/106814/ASX-Spitballs-and-Suspends-iSignthis-Ltd-(ASX-ISX)-on-Mere-Suspicion-106814.html

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Would expect a few sackings or resignations tomorrow
ISX Price at posting: $1.07 Sentiment: Hold Disclosure: Held
42 Upvote

0 Great analysis

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