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Regulatory

CBA settles with AUSTRAC for $700m

BY JAMIE WILLIAMSON | MONDAY, 4 JUN 2018 9:13AM

Commonwealth Bank will pay $700 million to resolve civil proceedings brought against it by AUSTRAC for contravening anti-money laundering and counter-terrorism laws - almost double what it anticipated.

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Read more: AUSTRAC, CBA, Commonwealth Bank, APRA, Counter-Terrorism Act, Matt Comyn

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