Commonwealth Bank of Australia agrees to pay $529.3 million to settle money laundering charges

DNA Monday, 4 June 2018 ()
Commonwealth Bank of Australia agrees to pay $529.3 million to settle money laundering chargesCommonwealth Bank of Australia (CBA) agreed to pay a record penalty of A$700 million ($529.3 million) to settle explosive money laundering charges brought by Australia's financial intelligence agency.

The biggest financial penalty in Australian corporate history was almost double the amount CBA had set aside, signalling the...
0
shares