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Australia's Bell Financial Group directed to undertake audit to address AML compliance concerns

( February 16, 2022, 23:39 GMT | Official Statement) -- MLex Summary: Three entities of Australian stockbroking- and investment-services company Bell Financial Group have been hit by a regulatory audit over money-laundering compliance concerns. In a statement published today, Australia financial-crime watchdog Austrac said it ordered the appointment of an external auditor to the three entities within the publicly listed Bell Financial Group: Bell Potter Securities; Bell Potter Capital; and Third Party Platform. Austrac has tasked the auditor with examining whether the three entities complied with a requirement that they have a AML/CTF program; whether they have an ongoing customer due-diligence program and whether they have reported suspicious matters.  Full statement by Austrac follows; BFG's response to the Australian Securities Exchange is attached. ...

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