NAB could be facing some serious legal penalties as it still feels the effect of the Hayne Royal Commission
The banking giant said it could cop a hefty fine from AUSTRAC relating to potential breaches of anti-money laundering and counter-terrorism financing laws
Its superannuation business NULIS is under fire from the APRA and a private law firm
On top of this, ASIC has also launched legal action against NAB regarding Royal Commission issues
The bank self-reported the news, most likely in a bid to become more transparent and win back some broken trust
NAB shares have taken a slight hit today, trading almost one per cent down to be worth $27.55 each
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