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.
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CBA to pay record $700m fine over breaches
Market trading boards in the ASX Monday, June 4, 2018 Source: AAP
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.
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By Peggy Giakoumelos
Source: SBS
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