Total BS. ASICs stop order was to do with Humm's failure to express its target market determination, a requirement of its credit licence, issued and governed by ASIC. Nothing to do with money laundering.
In addition Humm has an entirely different business model to ZIP, concentrates on large ticket interest bearing loans and commercial finance, and has little interest in BNPL
Humm got out of BNPL when its Chairman Abercrombie tried to force it into a merger with Latitude and the shareholders arced up
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