{"id":1287,"date":"2020-04-10T12:48:43","date_gmt":"2020-04-10T12:48:43","guid":{"rendered":"http:\/\/demo6.aiwalls.com\/ipapps\/?p=1287"},"modified":"2020-04-11T09:37:48","modified_gmt":"2020-04-11T09:37:48","slug":"australia-probes-paypal-amid-child-abuse-payment-fears","status":"publish","type":"post","link":"https:\/\/www.txd9.com\/?p=1287","title":{"rendered":"Australia probes PayPal amid child abuse payment fears"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/pic1.tadke.com\/imgs\/tech2lims\/0409\/1o43q3cy3jk.jpg\" alt=\"The Australian Transaction Reports and Analysis Centre (AUSTRAC) will appoint an external auditor to examine what it calls 'ongo\"><figcaption class=\"text-darken text-low-up text-truncate-js mt-3\">\n                The Australian Transaction Reports and Analysis Centre (AUSTRAC) will appoint an external auditor to examine what it calls \u2018ongoing concerns\u2019 over PayPal\u2019s alleged breaches of the country\u2019s anti-money laundering and counter-terrorism financing laws<br \/>\n<\/figcaption>Australia\u2019s financial regulator on Tuesday ordered an investigation into global money transfer platform PayPal, amid concerns it may be being misused by sex offenders to buy child abuse material from Asia.<\/p>\n<p><!-- \/4988204\/TechX_Story_InText_Box --><\/p>\n<p>The Australian Transaction Reports and Analysis Centre (AUSTRAC) demanded an external auditor investigate \u201congoing concerns\u201d about breaches of the country\u2019s anti-money laundering and counter-terrorism financing laws.<\/p>\n<p>Announcing the appointment in a statement Tuesday, AUSTRAC said it was working with its partners to \u201ccombat serious crimes such as child sex exploitation\u201d using funds transfer information reported by the financial services sector.<\/p>\n<p>\u201cOnline child abuse material can be ordered from Australia to areas such as the Philippines in quite often small amounts that are repeated often, and PayPal unfortunately is one of the areas that they can use to do that,\u201d AUSTRAC CEO Nicole Rose told the ABC.<\/p>\n<p>\u201cThat\u2019s why we want to get the auditor in to really (determine) what sort of risks there have been and continue to be with PayPal systems or their reporting regime.\u201d<\/p>\n<p>A PayPal Australia spokesperson said the review was prompted when the company realised it had not been fully reporting international payments in line with obligations.<\/p>\n<p>\u201cThese reporting obligations are important protections in the international fight against financial crime and the misuse of payment platforms, which PayPal takes very seriously,\u201d they said in a statement.<\/p>\n<p>The company added that the audit was not \u201cinstigated was in response to the discovery of child sex exploitation connections.\u201d<\/p>\n<p>An audit report must be compiled within 120 days and will be used to determine whether the regulator takes any further action against the digital payments platform.<\/p>\n<hr>\n","protected":false},"excerpt":{"rendered":"<p>The Australian Transaction Reports and Analysis Centre (AUSTRAC) will appoint an external auditor to examine what it calls \u2018ongoing concerns\u2019 over PayPal\u2019s alleged breaches of<\/p>\n","protected":false},"author":1,"featured_media":1096,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[1043,892,1042,598,1044],"class_list":["post-1287","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-podcast","tag-abuse","tag-australia","tag-child","tag-paypal","tag-probes"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.txd9.com\/index.php?rest_route=\/wp\/v2\/posts\/1287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.txd9.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.txd9.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.txd9.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.txd9.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1287"}],"version-history":[{"count":1,"href":"https:\/\/www.txd9.com\/index.php?rest_route=\/wp\/v2\/posts\/1287\/revisions"}],"predecessor-version":[{"id":1320,"href":"https:\/\/www.txd9.com\/index.php?rest_route=\/wp\/v2\/posts\/1287\/revisions\/1320"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.txd9.com\/index.php?rest_route=\/wp\/v2\/media\/1096"}],"wp:attachment":[{"href":"https:\/\/www.txd9.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.txd9.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.txd9.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}