Afterpay controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2023
Criticism of merchant rolling reserves
Australian media reported complaints from small businesses that Afterpay’s use of rolling reserves could delay access to merchant funds and create liquidity pressure. The allegations focused on settlement timing and the effect of withheld proceeds on smaller retailers.
2019
AUSTRAC anti-money-laundering compliance review
Afterpay disclosed regulatory scrutiny concerning potential breaches of Australian anti-money-laundering and counter-terrorism-financing requirements. AUSTRAC identified concerns and required an external auditor, paid for by Afterpay, to examine the company’s compliance framework.