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Home Loans
CBA faces legal action for money laundering breachesCommonwealth Bank has been accused of more than 53,000 financial violations by Australia��_s financial intelligence and regulatory agency.
Nick Bendel -
04 Aug, 2017 -
3 min read
Home Loans
CBA responds to AUSTRAC allegationsThe Commonwealth Bank of Australia (CBA) has slashed the bonuses of its CEO and executive leadership in response to the recent legal action from the Australian Transaction Reports and Analysis Centre (AUSTRAC).
Mark Bristow -
08 Aug, 2017 -
2 min read
Home Loans
Shareholders take CBA to court over share price dropMaurice Blackburn Lawyers have partnered with IMF Bentham, on behalf of Commonwealth Bank's (CBA) near 800,000 shareholders against CBA.
Alex Ritchie -
24 Aug, 2017 -
3 min read
Bank Accounts
Federal Court approves: CBA to pay largest ever civil penalty in historyThe Federal Court has today approved an agreement between Commonwealth Bank of Australia (CBA) and AUSTRAC, resolving the civil proceedings commenced by AUSTRAC in August 2017.
Alex Ritchie -
20 Jun, 2018 -
2 min read
Bank Accounts
CBA agrees to $700m penaltyCBA have come to an agreement with AUSTRAC to pay a $700 million penalty relating to serious breaches of anti-money laundering and counter-terrorism financing laws.
Alex Ritchie -
04 Jun, 2018 -
3 min read
Bank Accounts
CBA admits some guilt ahead of court caseCommonwealth Bank has filed its response to the civil proceedings filed in August by Australia��_s financial intelligence and regulatory agency.
Nick Bendel -
14 Dec, 2017 -
2 min read
Investment Funds
Government lays down law on digital currencyWith the popularity of bitcoin and similar blockchain-based virtual currencies currently booming around the world, the Australian government has passed new legislation extending anti-money laundering and counter-terrorism financing regulations to digital currency exchanges.
Mark Bristow -
11 Dec, 2017 -
1 min read
Savings Accounts
Banks call for time on BEAR legislationAustralia��_s federal government has released draft legislation for the Bank Executive Accountability Regime (BEAR), and the nation��_s bankers are calling for more time to have their say.
Mark Bristow -
25 Sep, 2017 -
3 min read