CBA to pay $700 million fine for breaching anti-money laundering laws

CBA has agreed to pay $700 million to resolve proceedings brought by AUSTRAC after admitting to breaching anti-money laundering and counter-terrorism laws.

CBD workers walk past the a Commonwealth Bank of Australia branch in Sydney, Monday, June 4, 2018. The CBA has a reached a $700 million dollar settlement

The CBA has a reached a $700 million dollar settlement Source: AAP

Share

Published

Updated

By Hương Lan

Share this with family and friends

Follow SBS Vietnamese

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

Watch now