ASIC secures $10M penalty from iSignthis
The Federal Court of Australia has ordered iSignthis Ltd, now known as Southern Cross Payments Ltd, to pay a $10 million penalty.
                                                                    
                                                                The Federal Court of Australia has ordered iSignthis Ltd, now known as Southern Cross Payments Ltd, to pay a $10 million penalty.
                                                                    
                                                                The AEMI license provides iSignthis UK unit ISX with full access and continuity to the key British market post Brexit.
                                                                    
                                                                ASIC alleges that iSignthis failed to disclose that VISA had terminated its relationship with iSignthis and iSignthis eMoney.