Activists gather at Buchanan Street to Picture: Jeff J Mitchell/Getty Images A CHARITY has warned of a “tsunami of suffering” for Glasgow’s asylum community after payment cards provided by the Home Office stopped working. It is understood the government body changed its Aspen Card contract to a new supplier - causing families and individuals to suddenly be unable to access money. Positive Action in Housing said it has been deluged by people who, overnight, were left without any funds. Charity bosses have now given out more than £11,000 in crisis payments and are providing families with food parcels to tide them over.
Exclusive: Families with babies and young children forced into ‘state of destitution’ amid botched transfer of asylum debit card contracts, say charities
EML Payments shares plunge after Central Bank raises concerns about Irish subsidiary Shares in the Australian fintech fell by 45 per cent after the Central Bank of Ireland raised anti-money laundering and counter-terrorism concerns relating to Prepaid Financial Services, its Irish subsidiary 19th May, 2021
The Central Bank of Ireland has raised anti-money laundering and counter-terrorism concerns about EML Payments’ Irish subsidiary, Prepaid Financial Services. Picture: Fergal Phillips
Shares in EML Payments, an Australian fintech company, plunged more than 45 per cent in trade on Wednesday after it announced the Central Bank of Ireland has raised anti-money laundering and counter-terrorism concerns relating to its Irish subsidiary, Prepaid Financial Services.
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