Australia: ANZ rejects reports it laundered criminal funds

No Comment 8 Views

ANZ has rejected a media report claiming it too had been used to launder criminal funds, saying it was not aware of any investigations by the financial intelligence agency AUSTRAC into its operations.

“AUSTRAC reviewed ANZ’s ATMs and Intelligent Deposit Machines [IDMs] in late 2015 and advised ANZ in February 2017 that it found no evidence of non-compliance with anti-money laundering regulation,” ANZ said in a statement.

The use of IDMs by criminal gangs to wash drug profits is central to AUSTRAC’s action against the Commonwealth Bank.

Read the original article here:

Get headlines, breaking news, and jobs announcements delivered to your inbox. Sign up for our daily newsletter.

Share This Page
Industry Webinars
FEATURED Solutions
Learn About RDC