71799
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 ...

Dow futures dropped more than 100 points in early trading, as traders returned from the long holiday  weekend to face fresh selling pressure for US stocks.
A six-day rebound in world stocks began to splutter on Tuesday...
Indonesia Criticizes Trump’s Protectionist Policies
Indonesia is foregoing billions of dollars on offer from...
Chinese ironworks are increasingly  using Australian ore, which has  a high iron content.
Global stock markets are down from their recent peaks and...
GM Seeking  S. Korea Backing
General Motors has offered to convert debt of around $2.2...
ADB Forecasts India Growth at 7.3 Percent
The Asian Development Bank expects India’s growth to pick up...
Ghana Told to Cut High Agro Imports
The World Bank country director for Ghana, Henry Kerali, has...
Colombia Expects Better Times
Colombia’s economy could grow 3% this year as sectors like...
London-based Capital Economics expects the German economy to expand by 2.7% this year. This would be above the government’s  more conservative forecast of 2.4%.
The German economy is expected to improve in the next six...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus