One of the original directors of buy-now, pay-later group Afterpay Touch has resigned from the board of the regulatory-challenged company, just as millions of dollars worth of shares available to him emerge from voluntary escrow.

David Hancock announced his resignation on Tuesday evening after the market closed. The escrow period was an agreed time-frame during which he wasn't able to access his shares and sell them.

Afterpay group head David Hancock is leaving the company. Credit:Louie Douvis

He will remain as a consultant to Afterpay, which is subject to a major money-laundering and anti-terrorism financing investigation by the Australian financial crimes watchdog AUSTRAC.

Mr Hancock's final director shareholding announcement shows he has options over Afterpay shares that will allow him to buy millions of the group's shares - that if exercised at today's price are worth $99 million - for only $7.5 million.