AUSTRAC has directed payment platform, MHITS Limited, to appoint an external auditor to assess whether it is meeting its anti-money laundering and counter-terrorism financing (AML/CTF) obligations.
The appointment follows further supervisory work in relation to last year’s payment platforms campaign, where AUSTRAC directed WorldRemit and Airwallex to appoint an auditor and issued letters of concern to four other payment platforms, asking them to address serious deficiencies identified during the campaign.
AUSTRAC directs audit of payment platform over AML/CTF concerns
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