CBA to Fight Allegations Next Year
CBA to Fight Allegations Next Year

CBA to Fight Allegations Next Year

CBA to Fight Allegations Next Year

AUSTRAC’s civil penalty proceedings against Commonwealth Bank of Australia won’t appear in the Federal Court until April next year, ABC reported. The bank said in a statement Monday that it has been ordered by the court to file its defense to the proceedings by mid-December, with AUSTRAC to file its response by March next year. The proceedings were launched by AUSTRAC following allegations that the bank had breached laws against money laundering and terrorism funding. CBA has been under mounting pressure to respond more aggressively to the crisis, which has damaged its already tarnished reputation and exposed it to billions of dollars in potential fines.



Short URL : https://goo.gl/mcbfCQ
  1. https://goo.gl/oiumhV
  • https://goo.gl/hK7mjX
  • https://goo.gl/19o6H6
  • https://goo.gl/zbFFPW
  • https://goo.gl/mChctQ

You can also read ...

Outlook for Global Economy, Equity Markets Brighter
Ebrahim Rahbari remains positive on the global economy and...
Brazil August Growth Lowest in Five months
Economic activity in Brazil contracted in August at the...
OECD: Youth Likely to Face Higher Inequality in Old Age
Younger generations have been experiencing more unstable labor...
Singapore Exports See Surprise Drop
Exports from Singapore last month stumbled after four months...
Low ECB Rates an Opportunity to Reform
Easy monetary policy gives eurozone governments a window of...
UN Expert Says: IMF, WB Looking More Like Failed Institutions
The lending policies of the International Monetary Fund are...
S. Korea Money Supply Up 9.1%
The money supply in South Korea jumped 9.1% in August from a...
Czech Economy Needs Higher Rates
The Czech koruna’s slow appreciation is paving the way for...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.