Australia

AUSTRAC v Commonwealth Bank of Australia

[2018] FCA 930

JurisdictionAustralia

Year2018

Statusunclear

Key Principle

AML/CTF Act contraventions; $700 million penalty for failure to report suspicious matters and threshold transactions through intelligent deposit machines

Area of Law

banking

Related Cases

Westpac Banking Corporation v Lenthall (2019) 269 CLR 574

Paciocco v ANZ Banking Group Ltd (Full Federal Court) (2015) 236 FCR 199

Andrews v ANZ Banking Group (Exception Fees) [2012] HCA 30

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