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On The Record

Commonwealth Bank will file defence on AUSTRAC matter

Commonwealth Bank will file defence on AUSTRAC matter

We want to emphasise our commitment to work with AUSTRAC and law enforcement agencies to fight money laundering and counter terrorism financing.

We would never deliberately undertake action that enables any form of crime. To that end, we scan billions of dollars of transactions daily, and report 4 million transactions a year to AUSTRAC.

We are currently reviewing AUSTRAC's claim and will file a statement of defence in this matter.