Australia: SVC risk and regulation

01 September 2017

The Australian Transaction Reports and Analysis Centre (‘AUSTRAC’) has recently published its first ‘Money Laundering and Terrorism Financing Risk Assessment: Stored Value Cards’ (‘SVC Assessment’), which analyses the potential of stored value cards (‘SVCs’) to be used for money laundering or terrorism financing (‘ML/TF’) purposes.

HWL Ebsworth Partner, Michael Anastas and Trainee Solicitor Elizabeth Singleton have provided a useful summary on the report in an article published in last month’s edition of Payments & FinTech Lawyer.

Click here to read the article.

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