CBA response to Austrac in the Federal Court will expose their legal strategy.
Market will be surprised when other regulators from Hong Kong, Singapore, US and UK also launch Money Laundering fines. It's easy money for the other regulators. They have handed out US$180bn in the last 3 years and those working at the regulators get promotions and bonuses etc for the actions
The misbehaviour by CBA was offshore from Australia and it will come under their remit.
Market is not expecting this and it is worth a short into the response.
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1 | 100 | 126.740 |
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1 | 2215 | 126.660 |
Price($) | Vol. | No. |
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126.900 | 207 | 1 |
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