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02/07/20
16:02
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Originally posted by itzgr82balive:
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Hi @ jacklesd, Just want to comment on one thing in the report. Alan said in one part "well, it seems that you’re actually changing to become more a payments and an online gambling payments operator, which is not what I thought you were going to do" What Karantzis did say in his March 2019 interview was "We focus on the more, let’s say, difficult sectors, whereby there is a high risk of money laundering, and it requires more transaction monitoring and more KYC ability to be able to do that in real-time whereas PayPal focuses on the larger sector of retail, but with lower risks. Seems pretty consistent to me. It is also a reasonable indication that ASX does not really understand ISX's KYC/KYCC business regarding ASX's demand for ISX to provide the customer breakdown by risk sector is ludicrous. ISX knows its own business and should report in ways that are meaningful. ISX deals with high-risk customers. End of story. Anyone who invested in ISX and did not know that did not do their homework. A break-down according to risk is misleading in that insinuates that this is a negative for the business.
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makes perfect sense for ASX to get a breakdown of each sector ISX operates in when a director on their board is linked to a potential competitor to ISX wouldn't you say.. after all JK has always been worried about confidentiality of information provided and also knows there are leaks from ASX.