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Worldline response to EIC
Globenewswire·2025-06-25 06:32

Core Viewpoint - Worldline is enhancing its compliance framework in response to regulatory challenges in High Brand Risk (HBR) sectors, which include online casinos and stockbroking, to ensure adherence to laws and regulations [1][2][3] Group Compliance and Risk Management - The company has strengthened its merchant risk framework since 2023, leading to a review of its HBR portfolio, which constitutes approximately 1.5% of its acquired volumes [1] - Worldline terminated commercial relationships with non-compliant merchants, impacting an estimated €130 million in run rate revenue for 2024 [1] - Active HBR clients are now subject to enhanced oversight with additional controls and documentation requirements to ensure compliance with regulatory obligations [2] Regulatory Engagement and Oversight - The company has increased its resources for financial crime compliance as part of a Group-wide strategy to enhance supervision and controls, maintaining regular engagement with regulatory authorities [2] - Immediate additional checks are conducted upon identifying non-compliance, which may result in the termination of client relationships [3] - Worldline's Executive Management and Board of Directors are committed to strict compliance and risk prevention, enforcing a zero-tolerance policy towards non-compliance [3]