The Commonwealth Bank 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.
Share
CBA to pay record $700m fine over breaches
The Commonwealth Bank 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.
Published
By Peggy Giakoumelos
Source: SBS
Share this with family and friends
Latest podcast episodes
ASX lags global markets this financial year but super delivers strong returns
podcast episode11 minutes 2 seconds
Heartbreak for Japan; Brazil, Paraguay and Morocco through; Netherlands and Germany out in penalties
podcast episode11 minutes 25 seconds
Australia heralds deal with Vanuatu as a 'transformational breakthrough' in the Pacific
podcast episode5 minutes 38 seconds
