Don't get me wrong - CBA's risk audit committee clearly didn't do enough. My point is that there was no intention to money launder. It happened due to CBA directors' incompetence rather than malicious will. As such, it seems excessive to me that some here would call for some of the harshest penalties conceivable - jail time, loss of licence to operate, etc - as if there was no distinction between those who knowingly commit the crime of money laundering, and those who let it happen due to negligence and incompetence.
CBA Price at posting:
$69.69 Sentiment: Buy Disclosure: Held
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