Aug
27
Australia’s Biggest Bank Faces Second Probe
By-
Banking regulator to question culture, governance at lender
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Bank also faces disclosure inquiry, potential class-action
The fallout from the Commonwealth Bank of Australia’s money-laundering scandal widened, with the banking regulator launching an inquiry into the lender’s culture and governance.
The nation’s biggest lender is already facing a court case from the financial crime agency alleging it breached money-laundering and terrorism financing laws more than 50,000 times, an investigation into its disclosure practices by the securities regulator and a potential class-action suit…
Australia’s Biggest Bank Faces Second Probe
