Afterpay may cancel share purchase plan

Afterpay Touch may cancel a $30 million share purchase plan once an audit is complete. (AAP)

Afterpay Touch may cancel a $30 million share purchase plan once a probe into its anti-money laundering and terrorism financing compliance is completed.

Afterpay Touch has deferred and could cancel a $30 million share purchase plan until the completion of a regulator-mandated probe into its anti-money laundering and terrorism financing compliance.

The buy now, pay later firm says it has given AUSTRAC details of three external candidates to conduct an audit ordered by the federal financial intelligence agency, and that it will defer the share purchase plan component of a $330 million capital raising until it has considered any recommendations stemming from the audit.

Afterpay said it could cancel the share purchase plan "if it considers it inappropriate" to proceed. Shares in the company were up 1.8 per cent at $26.18 at 1034 AEST.

Source AAP

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