ASIC v Commonwealth Bank of Australia (FCA continuous disclosure)
civil penalty26 Sept 2019Penalty $7.00M
Respondent
Commonwealth Bank of Australia
Facts
ASIC alleged CBA failed to disclose timely information about AML/CTF non-compliance risk identified internally.
Outcome
Civil penalty proceedings concluded with substantial settlement and remediation orders.
Read the source
https://asic.gov.au/about-asic/news-centre/find-a-media-release/Rules Mate links to the regulator's own publication. We do not republish full decision text. Always verify the latest status against the source before acting.