Share
94 Posts.
lightbulb Created with Sketch. 48
clock Created with Sketch.
26/10/20
17:04
Share
Originally posted by St1nky:
↑
Given that my capital is tied up with ISX, I have a vested (biased) interest in hope that ISX come out of this OK. My recollection is that ISX have not admitted to ASX that the Visa relationship was suspended due to anti-money laudering concerns (whether valid or not). My interpretation is that ISX denied knowing why they were suspended implying that they were not aware of Visa's determination that they presented and AML risk. I think that this information is market sensitive and probably would justify ASX suspending them until this issue is cleared up. I think ISX could have been more transparent here. We spend a lot of time comparing ISX to Westpac. Westpac are guilty of AML breaches, but maybe the difference here is that their shareholders are informed, whereas ISX seems to only want to inform where it meets its narrative. Tell me i'm worng, but tell me why.
Expand
Agree with you, but what I dont agree with ASX is why was ISX suspended, Visa and its events are not the cause as this only happened between march and May 2020. Where as ISX is suspended from October 2019.