Brief: AUSTRAC Says Accepted Enforceable Undertaking From Cash Converters

Cash Converters International

21/02/2023 01:03

Feb 21 (Reuters) - Australian Transaction Reports and
Analysis Centre:
    * ACCEPTED ENFORCEABLE UNDERTAKING FROM CASH CONVERTERS TO
UPLIFT
COMPLIANCE WITH AUSTRALIA’S ANTI-MONEY LAUNDERING AND
COUNTER-TERRORISM FINANCING LAWS
    * ENFORCEABLE UNDERTAKING COMES AFTER INVESTIGATION
IDENTIFIED
CONCERNS WITH CASH CONVERTERS’ AML/CTF PROGRAM
    * CASH CONVERTERS HAS ALREADY UNDERTAKEN SIGNIFICANT WORK
AIMED AT
IMPROVING ITS AML/CTF PROGRAM
    * CASH CONVERTERS’ PROGRESS WILL BE MONITORED CLOSELY BY
AUSTRAC
TO ENSURE ACTIONS ARE TAKEN WITHIN SPECIFIED TIMEFRAMES

Source text for Eikon:  CCV.AX 
 ((Reuters.Briefs@thomsonreuters.com;))