Ann: AUSTRAC Update - Final Audit Report, page-102

Morgans has updated their price target. $35.82

Some excerpts from the report.

APT has released summary details of the independent auditor report into its
AML/CTF compliance.
While APT failed to comply correctly with AML/CTF legislation in its infancy, the
majority of the report recommendations have already been addressed with APT’s
transaction monitoring now labelled “effective, efficient and intelligent.”
While an AUSTRAC fine remains a possibility, we continue to see the quantum of
any potential fine as relatively immaterial versus APT’s market cap ($8bn).
Maintain ADD recommendation, PT increased to A$35.82. APT’s initial progress in
the US/UK markets remains encouraging and we believe share price upside exists
if management’s offshore strategy is successfully executed.