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 Source: AAP