Tag Archive: commonwealth bank of australia

  • laundering Bitcoin, Blockchain Technology, News, News teaser

    ‘Big Four’ Australian Bank Beats Bitcoin… in Money Laundering

    One of Australia’s “big four” banks, Commonwealth Bank (CBA), has agreed to pay Australian Transaction Reports and Analysis Centre (AUSTRAC) AUS$700M ($530M USD) in settlements for breaching anti-money laundering and counter-terrorism financing laws. During a period of 3 years, CBA had failed to report 53,506 bank transactions, improperly monitored 778,370 accounts for money laundering red flags, and filed 149 suspicious matter reports late. The scandal resulted in the departure of Chief Executive Ian Narev. CBA

    · June 4, 2018 · 9:00 pm
  • commonwealth Bitcoin, Bitcoin Regulation, News, News teaser

    Australia’s Biggest Bank: No to Bitcoin, Yes to Mafia Money Laundering

    Commonwealth Bank of Australia (CBA) has come under fire after an investigation accused it of helping the Italian mafia launder money. Bank Suspends Corrupt Workers After Press ‘Questions’ CBA, the largest Australian listed company on the Australian Securities Exchange and the biggest bank in the southern hemisphere, made the headlines last month for blocking cryptocurrency access for clients due to their “unregulated” nature. Now local media reports it has fired two employees who did private deals with

    · March 31, 2018 · 8:00 am