Cuckoo in the nest.
The article discusses over the limit cash deposits in cash deposit machines of the Commonwealth Bank of Australia. According to the Anti-Money Laundering and Counter-Terrorism Financing Act, the banks have to report cash transactions above Australia $10,000, which the bank failed to do. It further d...
| Publicado en: | Economist Vol. 424; no. 9053; pp. 58 - 60 |
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| Formato: | Artículo |
| Publicado: |
Economist Newspaper Limited
8/12/2017
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| Sumario: | The article discusses over the limit cash deposits in cash deposit machines of the Commonwealth Bank of Australia. According to the Anti-Money Laundering and Counter-Terrorism Financing Act, the banks have to report cash transactions above Australia $10,000, which the bank failed to do. It further discusses Australian Transaction Reports and Analysis Centre's (Austrac's) claim that the bank took no steps to assess money-laundering and terrorism-financing risks. |
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