Following reports that cash laundered through Commonwealth Bank of Australia was transferred to Hong Kong, the Hong Kong Monetary Authority (HKMA) says it is “monitoring” the situation. Commonwealth Bank acknowledged earlier this month that it is facing civil proceedings from the Australian Transaction Reports and Analysis Centre (AUSTRAC) relating to money laundered through its ‘intelligent deposit machines’ from 2012. The…
HKMA investigating reports that funds laundered through CBA ended up in Hong Kong
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