National Australia Bank under investigation
Regulator raises serious concerns about lender’s compliance with anti-money laundering and counter-terrorism laws
07 June 2021 - 12:07
Australia’s financial crimes regulator is investigating National Australia Bank over what it says are serious concerns about the lender’s compliance with anti-money laundering and counter-terrorism laws.
The bank on Monday said it had received a letter from the watchdog, known as Austrac, on Friday informing it that a formal investigation is under way, and that no decision has been taken yet on whether to take any action...
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