Australia's largest stock trading and investment forum Australia's #1 stock forum

SP1

Click for more information

0.00%

$1.07 southern cross payments ltd

WBC over 19million suspect transactions, Great work by Visa AML...

First 226 Last

Share
Profile

Follow
Guts

762 Posts.

275

04/01/22

18:05

Post #: 58637630
Share

Originally posted by pomhat: ↑

that wasn't the focus of the review by Visa, it wasn't looking for breaches and therefore wouldn't find any - Visa's review was of ISX's governance framework (i.e. what ISX has in place to detect AML, and what courses of action it would take in the event of one occurring).. ISX admitted its governance wasn't up to scratch, but it was too little, too late..

the smokescreen of "but there weren't any actual AML breaches" is just a distraction tool being thrown up by holders.. there were governance issues, ISX didn't address them, and the consequence was the Visa relationship ending.. that's fine, both ISX and Visa have moved on and seem happy to play in their respective sandboxes

I think it's common knowledge that some of ISX's past customers did have not-so-clean money flowing through.. an inference printed by the AFR that ISX / JK knew about it resulted in a settlement and retraction of the specific point re knowledge.. not over the fact that some of those past clients stunk..

are you claiming ISX has only ever had squeaky clean money ever flow through it?

Expand

WBC over 19million suspect transactions, Great work by Visa AML just saying, there are rules for some.

ISX Price at posting: $1.07 Sentiment: Buy Disclosure: Held
8 Upvote

2 Great analysis

Reply

There are more pages in this discussion • 116 more messages in this thread...

First 226 Last

Add SP1 (ASX) to my watchlist

SPONSORED BY