ASIC Commences Proceedings Against ISX and JK, page-17

"according to VISA “IsignThis is not operating appropriate programs to manage Anti-Money Laundering and Risk”.

"ASIC alleges Mr Karantzis also failed to take reasonable steps to ensure information that he gave (and authorised to be given) to ASX regarding the suspension and termination by VISA was not false or misleading.

"ASIC is seeking declarations and pecuniary penalties against iSignthis and Mr Karantzis. ASIC is also seeking orders that Mr Karantzis be disqualified from managing corporations."

Game on!

Apart from the statement made by Visa, there's nothing new in this. Visa will have to be called to give a clear account of such a claim.

I'm not going to guess what might eventuate from this. We'll be sure to get the worst possible case consequences from the trolls along with a host of new trolls that this will attract.

I look forward to reading the opinions of the better informed and expert opinions, and there are many on the ISX threads.