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Comyn shows ruthless efficiency as he cleans up AUSTRAC mess

Commonwealth Bank's chief executive Matt Comyn and chairman Catherine Livingstone have moved with a steely determination and efficiency to clean up the ugly allegations that the country's largest bank flaunted the country's money-laundering and counter-terrorism laws.

Comyn shows ruthless efficiency as he cleans up AUSTRAC mess
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What about the argument that the $702.5 million penalty the bank has agreed to pay – money that would either have gone as dividends to shareholders or to shore up the bank's capital buffer – is too high a price to pay to settle the civil proceedings that AUSTRAC kicked off last August?

Read the full article at the Australian Financial Review.

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