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 ...

Norway CB to Develop Digital Currency
Norway’s central bank, Norges Bank, is considering developing...
Higher oil prices mean more money in the oil industry’s pockets and that will spillover into wages, jobs and tax revenue.
Canada’s economy continues to show signs of strength, but not...
Exports of cloth, cotton yarn and  value-added textiles make up almost 60% of the total exports.
Businessmen in Pakistan have expressed concern over the...
Fraud, Money-Laundering on the Rise in Singapore
Over a third of Singapore businesses said they were hit by...
Corporate Japan Learns to Boost Profitability
Japanese listed companies continue to improve their ability to...
Opening up the automobile sector to foreign firms put an end to a “protection period” for domestic brands.  The picture shows Tesla enters China’s domestic car brands.
The constant widening of opening up in China's manufacturing...
Fake Ramadan Discounts in Sharjah
Commercial outlets and shops with fake promotional offers and...
Vietnam Trade, Service Sectors Need Revision
The development of wholesale and retail infrastructure in...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus