Australia's Commonwealth Bank agrees to US$530m fine over money-laundering breaches
June 04, 2018 | 08:46
SYDNEY: The Commonwealth Bank on Monday (Jun 4) agreed to the largest civil penalty in Australian corporate history to settle claims it breached anti-money laundering and counter-terrorism financing laws.
Australia's biggest bank loses 20 million customer records
May 03, 2018 | 09:48
Australia's troubled Commonwealth Bank admitted Thursday it has lost financial records for almost 20 million customers in a major security blunder - but insisted there was no need to worry.
Australia's biggest bank to enter mediation over laundering claims
March 23, 2018 | 15:03
Australia's Commonwealth Bank plans to enter mediation with the country's financial intelligence agency over a major anti-money laundering civil case that could be hugely costly for the lender.
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