AUSTRAC won’t pursue Afterpay after auditor found it got bad legal advice
AUSTRAC 2020-10-14 1:19 pm By Cat Fredenburgh Melbourne
Please login to bookmark Close

Financial crimes regulator AUSTRAC will not take legal action against Afterpay over its compliance with anti-money laundering laws, following an external auditor’s report that found the buy now, pay later provider had received “incorrect” legal advice from several top-tier law firms about its compliance program.

Subscribe to Lawyerly to access this article.

Already a subscriber?
Lost your password?

For information on rights and reprints, contact subscriptions@lawyerly.com.au