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Commonwealth Bank settles anti-money laundering case by paying $700 million

3AW NEWS

The Commonwealth Bank has agreed to pay hundreds of millions of dollars to settle its case with the anti-money laundering regulator.

The $700 million agreement in regards to allegations against Australia’s biggest bank is one of the largest penalties ever levied against an Australian company.

The Commonwealth Bank said it agrees and will now move on.

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3AW NEWS
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