EML Payments halts trade of shares after Central Bank of Ireland raises regulatory concerns

The Fintech halted the trade of its shares on the Australian stock exchange following ‘significant regulatory concerns’ being raised by the Central Bank of Ireland about Prepaid Financial Payments, EML Payment’s Irish subsidiary company

17th May, 2021
EML Payments halts trade of shares after Central Bank of Ireland raises regulatory concerns
The Central Bank of Ireland raised ‘significant regulatory concerns’ relating to EML Payments’ Irish subsidiary company, Prepaid Financial Services. Picture: Rollingnews.ie

EML Payments, an Australian fintech company, has halted the trade of its shares on the Australian stock exchange after it was notified by the Central Bank of Ireland about “significant regulatory concerns” relating to its Irish subsidiary company, Prepaid Financial Services.

The Brisbane-based company requested a halt to the trade of its shares on Monday until at least Wednesday this week ahead of an expected announcement about its Irish subsidiary.

Prepaid Financial Services...

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