Afterpay has given AUSTRAC three candidates and set up a sub-committee chaired by Elana Rubin.
The Afterpay Board will retain ultimate oversight of the Company's anti-money laundering and counter-terrorism financing compliance."
The company raised $300 million from institutional investors and was planning to raise a further $30 million from retail shareholders through an SPP priced at $23 with a cap of $30 per share.
Shares in Afterpay Touch Group (ASX:APT) are trading 3.3 per cent higher at $26.58.