March 22, 2018 / 8:03 AM / in 4 months

BRIEF-Commonwealth Bank Updates On AUSTRAC Matter

March 22 (Reuters) - Commonwealth Bank Of Australia :

* COMMONWEALTH BANK PROVIDES UPDATE ON AUSTRAC MATTER

* NOTES ORDERS WERE MADE TODAY BY FEDERAL COURT OF AUSTRALIA

* ORDERS ALSO REQUIRE THAT AUSTRAC FILE AND SERVE ANY REPLY TO CBA’S AMENDED DEFENCE BY 6 APRIL

* ORDERS ALSO INVOLVE AUSTRAC SET A TIMETABLE FOR EVIDENCE IN PROCEEDINGS IN EVENT THAT MEDIATION IS UNSUCCESSFUL

* ORDERS RELATE TO CIVIL PENALTY PROCEEDINGS INITIATED BY AUSTRAC AGAINST CBA ON 3 AUGUST 2017

* COURT’S DECISION INCLUDES ORDERS FOR MATTER TO BE REFERRED TO MEDIATION, WITH THAT MEDIATION TO OCCUR BY MAY 25 Source text for Eikon: Further company coverage:

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