August 27, 2017 / 10:51 PM / a year ago

Australia's prudential regulator launches inquiry into CBA

SYDNEY, Aug 28 (Reuters) - Australia’s prudential regulator said on Monday it would establish an inquiry into governance, culture and accountability at the Commonwealth Bank of Australia .

The move comes after the Australian government earlier this month accused the bank of widespread breaches of money-laundering and counter-terrorism financing rules.

The Australian Prudential Regulation Authority said in a statement it launched the inquiry after “a number of issues which have raised concerns...and have damaged the bank’s reputation and public standing”.

Reporting by Tom Westbrook in Sydney; Editing by Peter Cooney

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below