Digital payments giant PayPal Australia will undertake an urgent external audit of its global money transfers business on suspicions it is being used by child exploitation rings in Asia.
The Australian Transaction Reports and Analysis Centre says it is investigating PayPal's compliance with international funds transfer obligations to or from Australia and singled out child sex exploitation as a risk that prompted the regulatory intervention.
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AUSTRAC chief executive Nicole Rose speaks with ABC's Peter Ryan.
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| Source: Austrac statement 23 September 2019 |
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