Visa’s Data Breach of ISX Customer Data, page-77

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goforit99

361 Posts.

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17/08/20

22:45

Post #: 46606424
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Originally posted by aniesbaswedan: ↑

I think it is useful to provide some context to the whole situation. So a little while ago ISX was suspended by Visa, "suspended by AML". So what is AML?

As you can see by using ISX's own glossary, AML appears to be an acronym for anti money laundering. Then, not long after the suspension, Visa removed ISX from its global registry as proclaimed by the crowd favourite:

So did ISX tell everyone when they were suspended? Did ISX tell everyone when they were removed? As far as I am aware, they did not, at least not until the ASX compelled them to through the relevant queries.

At one point, JK himself said that the reason for the suspension was because of:

Then in the ASX queries:

ISX said that it has no understanding of what happened.

Expand

It appearsthat ASIC attained information from Visa, whether legally or not (i.e. possibleprivacy breach). ASIC gave the information to ASX, who gave it to Clayton Utz,the independent expert, as outlined in this article https://au.finance.yahoo.com/news/isignthis-ltd-asx-isx-compliance-202000026.htmlClayton Utz review the information from ASX and the release an updated IndependentExpert Report (see link below). https://www.isignthis.com/hubfs/Investor%20Documents%202020/Announcements/2020/August/IndependentExpert17thAugust2020.pdf?hsLang=enNothing serious to report against ISX.

ISX Price at posting: $1.07 Sentiment: Buy Disclosure: Held
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