Brief: BSP Financial Responds To Media Report About Papua New Guinea Regulatory Matters

BSP Financial

18/06/2021 02:18

June 18 (Reuters) - BSP Financial Group Ltd  BFL.AX :
    * BSP FINANCIAL GROUP LTD - RESPONSE TO MEDIA REPORT ABOUT
PAPUA
NEW GUINEA REGULATORY MATTERS
    * BSP FINANCIAL GROUP LTD - UNAWARE THAT ANY TRANSACTIONS
INVOLVING ITS CORRESPONDENT BANKS IN AUSTRALIA ARE UNDER REVIEW
    * BSP FINANCIAL GROUP LTD - FASU UNDERTOOK A REVIEW OF BFL
CUSTOMER DUE DILIGENCE PROCEDURES IN AN ONSITE INSPECTION IN
OCTOBER 2019
    * BSP FINANCIAL GROUP -  BFL INTENDS TO CONTINUE ITS
DIALOGUE WITH
FASU ABOUT REVIEW AND TO DEFEND ITS RIGHTS & THOSE OF ITS
CUSTOMERS
    * BSP FINANCIAL - IN JUNE 2020 FASU NOTIFIED BFL OF ITS
PRELIMINARY VIEW ABOUT NON-COMPLIANCE BY BFL WITH AML DUE
DILIGENCE FOR 8 CUSTOMERS
    * BSP FINANCIAL GROUP LTD - CONSIDERS THAT LIKELY OUTCOMES
OF
REVIEW WILL NOT BE MATERIAL TO BFL'S SHARE PRICE

Source text for Eikon:  ID:nASX43fc1y 
Further company coverage:  BFL.AX 

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