CBA directions hearing listed
The Commonwealth Bank (CBA) has until 15 December 2017 to file its defence to the civil penalty proceedings initiated by AUSTRAC.
A directions hearing in the Federal Court was listed on Monday, and AUSTRAC has until 16 March 2018 to file a response, according to the bank’s announcement on the Australian Securities Exchange (ASX).
The announcement said the matter had been listed for a further directions hearing on 2 April 2018.
“CBA’s response to AUSTRAC’s civil proceedings, as well as the ongoing program of action to strengthen the group’s anti-laundering frameworks, will continue to be overseen by a Committee of the Board of the Bank,” CBA said.
Recommended for you
ASIC has banned two advisers from the same advice firm for giving clients inappropriate superannuation advice that was not in their best interests.
AMP has unveiled enhancements to its digital advice platform, now offering personalised investment and contribution advice as it seeks to take a “market leading position” in the space.
A former Platinum investment specialist has joined Atrium, the multi-asset investment management arm of Fitzpatricks Financial Group.
Stockbrokers and Investment Advisers Association chief executive, Judith Fox, is set to retire at the end of this year.
