Brief: EML Payments Says Sentenial Business Identified Fraudulent Activity

EML Payments

24/08/2022 11:24

Aug 24 (Reuters) - EML Payments Ltd  EML.AX :
    * SENTENIAL BUSINESS IDENTIFIED FRAUDULENT ACTIVITY RELATING
TO
IDENTIFIED SET OF "FRAUDULENT MERCHANTS" WITHIN DIRECT DEBIT
PROCESSING BUSINESS
    * FRAUDULENT ACTIVITY PRIMARILY OCCURRED IN AUGUST AND CAME
TO
EML'S ATTENTION ON 23 AUGUST
    * COMMENCED STEPS TO RECOVER ANY LOSSES FROM SENTENIAL FRAUD
INCIDENT
    * IS TAKING STEPS TO INVESTIGATE AND UNDERSTAND
CIRCUMSTANCES
SURROUNDING FRAUD, AND COMMENCED STEPS TO RECOVER ANY LOSSES
    * CONFIDENT THAT MAXIMUM AMOUNT OF ANY LOSSES WILL NOT
EXCEED EUR
5.5M BUT MAY BE LOWER DEPENDING ON SUCCESS OF RECOVERY ACTIONS

Source text for Eikon:  ID:nASX37zvPB 
Further company coverage:  EML.AX