Original article by James Frost
The Australian Financial Review – Page: 19 : 18-Dec-17
The Commonwealth Bank of Australia has now been accused of 14 contraventions of section 82 of the Anti-Money Laundering and Counter-Terrorism Financing Act. AUSTRAC advised the CBA on 14 December that it is adding six more alleged contraventions to its charges against the bank. AUSTRAC has also stated that the CBA had plenty of opportunities in recent years to improve its counter-terrorism funding and anti-money laundering procedures.
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA. ATTORNEY-GENERAL’S DEPT. AUSTRALIAN TRANSACTION REPORTS AND ANALYSIS CENTRE