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.
Add new comment