Feb 24 (Reuters) - EML Payments Ltd (EML) :
- PFS CARD SERVICES IRELAND LIMITED RECEIVED CORRESPONDENCE FROM ITS REGULATOR CBI
- ESTIMATED IMPACT OF RESTRICTING PCSIL'S GROWTH WOULD BE REDUCTION IN REVENUE OF APPROXIMATELY A$3.5 MILLION FOR APRIL TO JUNE 2023
- ESTIMATED IMPACT OF RESTRICTING PCSIL'S GROWTH WOULD BE REDUCTION IN UNDERLYING EBITDA OF A$2 MILLION FOR APRIL TO JUNE 2023
- REMAINING 70% OF EML'S GLOBAL REVENUE IS NOT IMPACTED BY POTENTIAL RESTRICTION
- RESOLVED TO IMMEDIATELY COMMENCE A STRATEGIC REVIEW OF PCSIL WITH ASSISTANCE OF GLOBAL INVESTMENT BANKING ADVISORS
- CBI HAS STATED THAT IT CONSIDERS THAT PCSIL HAS MADE LIMITED REMEDIATION PROGRESS TO DATE
- CBI HAS STATED SIGNIFICANT AND ONGOING DEFICIENCIES REMAINING IN PCSIL'S AML/CFT CONTROL FRAMEWORK
- CONSIDERS TIMEFRAME TO COMPLETE REMEDIATION PROGRAM AND THIRD PARTY ASSESSMENT BY 2023 END IS AT RISK
Feb 24 (Reuters) - EML Payments Ltd (EML) : PFS CARD SERVICES...
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