Ann: CBA response to media reports on AUSTRAC civil proceedings, page-17

I suspect the people in wigs will get the fine down but even a 50% reduction would be a massive amount. One way to deal with miscreants being unable to pay fines is to seize assets this would leave the government owing the CBA again then they can sell the peoples bank back to us yet again and we can all be diddled by the next lot of bankers
Surely Narev and Cromyn will go at the AGM.
They bcannot claim they inherited this particular problem the idea for the itams may have been around in Norris and Macewans time but the implementation and the non conformity with austrac legisalation is all in their time as opposed to inheriting the sales culture which goes right back to David Murray