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Commonwealth Bank of Australia to File Defence Against AML & CTF Charges

Commonwealth Bank of Australia are currently reviewing AUSTRAC’s claim for serious and systemic non-compliance with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 and will file a statement of defence.

” CBA will file defence against 53,700 contraventions of the AML/CTF Act “

AUSTRAC’s alleges over 53,700 contraventions of the AML/CTF Act by Commonwealth Bank of Australia. AUSTRAC is Australia’s financial intelligence agency with regulatory responsibility for anti-money laundering and counter-terrorism financing.

Source: Official Press Release



2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
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2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


 

About Commonwealth Bank

Commonwealth Bank
Commonwealth Bank

The Commonwealth Bank is Australia’s leading provider of integrated financial services including retail banking, premium banking, business banking, institutional banking, funds management, superannuation, insurance, investment and sharebroking products and services. The Group is one of the largest listed companies on the Australian Securities Exchange and is included in the Morgan Stanley Capital Global Index. It was was founded under the Commonwealth Bank Act in 1911 and commenced operations in 1912, empowered to conduct both savings and general banking business. Today, the bank has grown to a business with more than 800,000 shareholders and 1,100 branches nationally.

  • Origin : Sydney, Australia
  • Assets : $933.1 billion
  • Revenue : $24.6 billion
  • Employees : 52,000

Official Website: www.commbank.com.au

News & Media: Press Release

Updated on 8th August 2016

 

 



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