SYDNEY - Australia’s corporate regulator is interviewing top executives at the Commonwealth Bank of Australia as part of an investigation into alleged failure to prevent possible money laundering, the Australian Financial Review reported on Tuesday.
CBA in 2018 agreed to a civil penalty of A$700 million to settle charges bought by Australia’s financial intelligence agency. Without citing any sources, the AFR said the Australian Securities and Investments Commission had accelerated a separate investigation, with plans in place to interview CBA’s chairman, Catherine Livingstone, and former chief executive, Ian Narev.A spokeswoman for CBA declined to comment on the specific details of the report.
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