Wednesday, October 28, 2020

Commonwealth Bank posts $9 billion profit despite money laundering scandal

Commonwealth Bank posts $9 billion profit despite money laundering scandal 1
By Olaalpha

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Commonwealth Bank posts $9 billion profit despite money laundering scandal

Commonwealth Bank has reported a fall in annual profit after a challenging year that saw them slapped with a $700 million penalty for breaching anti-money laundering laws. Cash net profit from continuing operations dropped 4.8 per cent to $9.233 billion in 2017/18. The decline was mostly driven by a […]

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