NAB's action plan has to be completed by 31 Dec 2024, and a final report issued by Mar 2025. An independent auditor will have to report progress to AUSTRAC annually.
May 4, 2022Chief executive Ross McEwan outlined NAB's work to update KYC information for all its customers as part of efforts to meet its AML obligations.
September 14, 2021Subject to regulatory approvals from the Treasury, APRA and the ACCC, the acquisition is expected to be complete by March 2022.
August 11, 2021The revelation comes follows AUSTRAC's launch of a formal enforcement investigation into NAB earlier this month.
June 18, 2021AUSTRAC 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, 2021The programme, to be launched in partnership with FINSIA, will be rolled out for all of NAB's Australia and New Zealand bankers and support staff.
June 12, 2020