Australia: No Laundering Breaches at ANZ, Says CEO

No Comment 19 Views

ANZ chief executive Shayne Elliott says regulators have found no evidence of breaches of anti-money laundering laws by his bank and has assured federal politicians ANZ only holds accounts for “people we know and trust”.

In a three-hour grilling before a House of Representatives economics committee, Mr Elliott said ANZ had been working with government since financial intelligence agency AUSTRAC alleged CBA had breached anti-money laundering laws.

AUSTRAC took court action against CBA in August, alleging the bank had committed multiple breaches of anti-money laundering rules by failing to properly report large cash deposits at its intelligent ATMs.

“AUSTRAC has advised us that it has found no evidence of non-compliance concerning ANZ’s ATMs,” Mr Elliott told MPs in Canberra on Wednesday.

Read the original article here: news.com.au


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