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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

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