Here’s another example of banks knowing of problems:
“Information that showed the Commonwealth Bank of Australia may have committed “law-breaking on a grand scale” by breaching anti-money laundering laws should have been disclosed to the market by the bank, a court has heard.
Emails between senior CBA executives in 2015, in which they discussed concerns about the possibility that large cash deposits had not been reported to financial intelligence agency AUSTRAC as required by law, were aired in court on Monday as part of a shareholder class action trial.”
