Business
ASIC spikes investigation into CBA top brass – The Australian Financial Review
The corporate cop will not take action against CBA, its directors or executives over a money laundering scandal that cost the bank $700 million.
Her version of events was itself later challenged by former CBA director Andrew Mohl who said he had no memory of her questioning the team over the issue, leading to the banks general counsel Brian Long commissioning boutique law firm Speed & Stracey to conduct its own independent inquiry of events.
CBA admitted its failures to properly monitor its systems prevented the authorities from disrupting money laundering by crime syndicates in 2018 by allowing its intelligent deposit machines to o…
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