Australia’s big banks were warned today that they could face sanctions or fines for breaching the country’s anti-money laundering laws.
Nicola Rose, the head of Australia’s financial intelligence agency, said in an interview that the agency will carry out more enforcement actions “in the next six months.”
“I can say that we will have more enforcement action in the next six months — [from] warnings all the way through to civil penalty. Because of the increased intelligence that we've been receiving, there will be appropriate action,” Rose told an Australian public-radio broadcaster today.
Australian banks to face sanctions for money laundering 'in the next six months'
28 August 2019 7:55am