SP1 0.00% $1.07 southern cross payments ltd

Ann: Appendix 4C with ASX Direction Included, page-96

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  1. 6,681 Posts.
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    What I am pondering is why would online video games require any AML or KYC? Why? For what purpose?

    If you are a merchant selling physical inventories, okay, maybe you are afraid of charge back. There is still some modicum of logical sense to it. If you are a financial product provider, okay, yeah sure. When it comes to online video games though, there is no physical inventories nor is there any financial regulation to meet. So why would you need AML or KYC? Can anyone explain that? So for what reason do you run any payments AT ALL through ISX's services? The way I see it, no logical sense whatsoever.

    So why would say online video games run through say ~1.5 billion through ISX?? Why??
    Last edited by aniesbaswedan: 05/05/20
 
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