someone/instos been pumping up the sp, now gets hit by...

someone/instos been pumping up the sp, now gets hit by reality..... cbi issue wont go away.

the regulator wont let go.

Their crazy demand to 100% prevent money laundering and terrorist activities via eml's business operation is too costly for a non bank entity.

Only, banks with billion profit can afford to hire n implement the best IT system n security. Have the best personnel to think ahead of criminal and prevent and detect these activities.

even banking customers have been hit with scam calls and transaction on their credit card that they did not approve.

Imagine the regulators gave the same mandate like eml.....you must 100% guarantee to prevent scam from hitting your customers account or we will remove your banking licence. The banks wont be making billions and afew will probably lose their banking licence.

i think eml cant even sell the pfs business, as nobody would want it. Write off the business and put the fund and thinking into another venture or business.

eml can try to do something like tyro payments and hansen technologies and smart group ltd.

Hope it stay above $1.10