Yeah I agree with you. That is a lot of money. However do you really think that this will happen. We all know that the banks are above the law. So what applies to the average person does not apply to them. Besides if CBA had to pay up on all those breaches. It would be going into administration. Do you really think the government would allow this to happen to the biggest bank in Australia lol. Worst case scenario. They will get a smack on the wrist. Just to make it look like something was done. When in fact nothing was done. Maybe a few hundred million fine. Some lunch money gone. The share price falls a little. And in 12 months all will be forgotten. And life goes on. Welcome to the real world.
Ann: CBA response to media reports on AUSTRAC civil proceedings, page-20
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