June 20, 2018 / 2:12 AM / a month ago

CBA says court approves settlement of money-laundering charges

June 20 (Reuters) - Commonwealth Bank of Australia said on Wednesday the Federal Court had approved a settlement agreement to civil proceedings related to money laundering charges.

The company said it will recognise a A$700 million ($518 million) expense in its financial statements for the full year to end June. ($1 = 1.3526 Australian dollars) (Reporting by Ambar Warrick in Bengaluru; Editing by Edwina Gibbs)

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