SKIP TO MAIN CONTENT

CBA to pay record $700m fine over breaches

The Commonwealth Bank [[CBA]] will pay the largest fine in Australian corporate history after agreeing to pay $700 million to settle the money-laundering and terrorism-funding case brought by Australia's financial intelligence agency, AUSTRAC [[oz-track]].

Market trading boards in the Australian Securities Exchange (ASX) in Sydney, Monday, June 4, 2018. (AAP Image/Chris Pavlich) NO ARCHIVING
Market trading boards in the Australian Securities Exchange (ASX) in Sydney, Monday, June 4, 2018. (AAP Image/Chris Pavlich) NO ARCHIVING Source: AAP

Published

Updated

By Peyman Jamali, Peggy Giakoumelos

Skip to article content

Follow SBS Persian

Download our apps

Listen to our podcasts

Get the latest with our exclusive in-language podcasts on your favourite podcast apps.

Watch on SBS

SBS World News

Take a global view with Australia's most comprehensive world news service

Stream now