Briefs: Australia Post queried over offshore casino links, ANZ appoints new Indonesia CEO, Rubik lau
An online payments processing company owned by Australia Post, POLi Payments, is providing a service to offshore casino operators, helping them move funds from Australian bank accounts into overseas gambling accounts, The New Daily reports. POLi Payments made at least A$5 million from working with online casinos, which are forbidden from working in Australia. Australia Post has owned the business since October 2014. Senator Nick Xenophon has called on Australia Post to get out of the business. ANZ has received regulatory approval for the appointment of Vishnu Shahaney as president director of PT Bank ANZ Indonesia. Shahaney has run ANZ's business in Singapore since 2010. Previously, he worked as managing director of ANZ's corporate banking business in Australia. Finance sector software supplier Rubik Financial has launched an equity capital raising, seeking more than A$5 million. Rubik's one-for-seven non-renounceable entitlement offer is fully underwritten by Viburnum Funds, an equity fund manager. Proceeds will be used to fund product innovation, pay debt and provide general working capital.