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financial services

Monday, May 16

Irish laundering concerns flow through to EML earnings

Brisbane financial services company EML Payments has posted record revenue despite the lingering impact of damaging allegations relating to money laundering within its Irish subsidiary.

ASIC seeks a court ban on 'ASX Wolf'

Corporate watchdog ASIC has filed proceedings in the Federal Court seeking orders restraining Gold Coast businessman Tyson Scholz from promoting or carrying on any financial services business in Australia.

By the time people are applying for bankruptcy, little will change their mind. (Supplied)

Collection House tells shareholders the pain will be worth it

Brisbane debt collector Collection House said much of its $145 million in write-downs was not because of the impacts of COVID-19 but its deliberate reshaping of its business model.