EML 1.93% 88.8¢ eml payments limited

Gambling Compliance

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    Was reading that AUSTRAC has ordered an audit of Sportsbet’s and Bet365 , re concerns of contravention of anti money laundering laws

    if I recall correctly ,EML provides reloadable cards to these online betting companies .

    Not sure how big EML's exposure is to the online gambling sector nor level of resulting revenue and if further regulation of the industry will have any consequence to the level of this revenue

    Hopefully no fall out

    Last thing needed is more bad news

 
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