No, It is a bit of a Biden like story. CBA all makes sense until one day with AUSTRAC or some similar body, it doesn’t.
Look at Westpac and the $30 billion AUD lost as a result of AUSTRAC proceedings at Westpac.
CBA will be going well until the slide happens and then it will be all be shot to pieces.
Ann: CBA and AUSTRAC resolve AML/CTF proceedings, page-367
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