All posts tagged "CBA"
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78AML / KYCCBA Contractors May Have Cut Corners on Compliance Tasks
Contract workers reportedly had to cut corners on compliance tasks to meet their KPIs, including by copy and pasting text from templates to fill reports sent to AUSTRAC.
June 29, 2021 -
151AML / KYCNAB Contract Workers Received Little AML Training: Report
The revelation comes follows AUSTRAC's launch of a formal enforcement investigation into NAB earlier this month.
June 18, 2021 -
262AML / KYCPNG’s BSP Financial Group Faces Possible AML Penalties
Australia's CBA and NAB are reportedly under scrutiny as they provided correspondent banking services to BSP Financial Group.
June 17, 2021 -
249AML / KYC
AUSTRAC Launches Formal Probe into NAB Over AML Breaches
AUSTRAC said it is not considering civil penalty proceedings at this stage, a decision made based on the work undertaken by NAB to date.
June 7, 2021 -
116Australia & NZWestpac Becomes First Aussie Major to Issue SOFR Debt
The bond issuance included a $300mn floating-rate bond tranche maturing in five years that was priced at a 52 basis point spread over SOFR.
May 28, 2021 -
3.6KChinaChina Renews Crackdown on Cryptocurrencies
Three state-backed associations representing internet firms, banks, and payments companies have barred their members from providing crypto-related services to customers.
May 20, 2021 -
225Australia & NZ
Australian Court Orders Penalty Against CBA for Overcharged Interest
CBA was ordered to pay A$7mn for a systems error that resulted in over 1,500 customers being charged a higher interest rate on overdraft accounts.
April 10, 2021 -
185Australia & NZ
ASIC Launches Legal Action Against CBA for Overcharging Customers
ASIC says CBA incorrectly charged monthly access fees to customers who were entitled to fee waivers between June 2010 and September 2019.
April 7, 2021 -
299Australia & NZ
CBA, ANZ to Settle 2016 Lawsuit Involving BBSW Manipulation
The case was initially launched by two US hedge funds and a US-based derivatives trader, alleging they suffered losses due to bank manipulation of the BBSW.
March 23, 2021 -
240Australia & NZAustralia Announces Expansion of SME Loan Guarantee Scheme
The government will guarantee up to 80 percent of the loans under the scheme, while also increasing the loan limit and allowing larger businesses to also benefit.
March 12, 2021
