Change of Financial Year End Date to 31 December
iSignthis has received notification that ASIC have granted this request and plans are in place to transition our reporting during 2018.
The Company has made the change in financial year in accordance with section 323D (2A) of the Corporations Act 2001 (Cth). The Company confirms that;
- The Company's current financial year will end on 30 June 2018;
- The Company will have a six-month transitional financial year beginning on 1st July 2018 and ending on 31st December 2018; and
- Thereafter, the Company will revert to a twelve-month financial year, commencing on 1st January and ending on 31 December.
The change in reporting dates allows the Company to meet its European banking reporting requirements based on a calendar year without undergoing additional audits and the expense associated with the continual reporting. The Company's subsidiary, iSignthis eMoney Ltd, reports cash monthly under the European Central Bank and EU's 'Eurosystem' regulatory requirements.
About iSignthis Ltd
iSignthis Ltd (ASX:ISX) (FRA:TA8) is the global RegTech leader in remote identity verification, payment authentication and payment processing. iSignthis provides an end-to-end on-boarding service for merchants, with a unified payment and identity service via our Paydentity(TM) and ISXPay(R) solutions.
By converging payments and identity, iSignthis delivers regulatory compliance to an enhanced customer due diligence standard, offering global reach to any of the world's 4.2Bn 'bank verified' card or account holders, that can be remotely on-boarded to regulated merchants in as little as 3 to 5 minutes.
iSignthis Paydentity service is the trusted back office solution for regulated entities, allowing merchants to stay ahead of the regulatory curve, and focus on growing their core business.
iSignthis' and its subsidiary, iSignthis eMoney Ltd, trade as ISXPay(R), and is an EEA authorised eMoney Monetary Financial Institution, offering card acquiring in the EEA, Australia and New Zealand. ISXPay is a principal member of Visa Inc, Mastercard Worldwide and JCB International, and an aggregation partner of American Express.
Read more about the company at our website http://www.isignthis.com