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Commonwealth Bank accused of money laundering

Commonwealth Bank has been accused of more than 53,000 breaches of laws put in place to combat money laundering and the financing of terrorism.

Commonwealth Bank accused of money laundering
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The federal government's financial intelligence unit AUSTRAC on Thursday launched civil penalty proceedings in the Federal Court , accusing CBA of systemic failure to comply with anti-money laundering and counter-terrorism financing laws.

Read the full article on Sky News.

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