Wonder how much coverage this will get in rear window, zero no doubt. Seriously this company has had frauds, Irish regulator AML issues. Still trades nicely on the ASX though.
“EML Payments Limited (ASX: EML) advises that its Sentenial business has identified recent fraudulent activity relating to an identified set of fraudulent merchants within its direct debit processing business. EML is taking steps to investigate and understand the circumstances surrounding the fraud, and has commenced steps to recover any losses. EML is confident that the maximum amount of any losses will not exceed €5.5m (AUD7.9m) but may be lower depending on the success of recovery actions. The fraudulent activity primarily occurred in August 2022 and came to EML’s attention on Tuesday 23 August. A meeting of the Board was convened early this morning for the last purposes of informing the market. Consistent with our ASX Listing Rule obligations, EML will update that market via the ASX platform as we have material new information.”
