CBA admits 53,000 breaches of money laundering rules, expects more charges

Investors are bracing for a share market reaction after the Commonwealth Bank (CBA) admitted it breached Australia's money laundering and counter-terrorism regulations and indicated more charges could be brought against it. Months after Australia's money laundering regulator, AUSTRAC, launched legal action against CBA, Australia's biggest bank has admitted it breached statutory disclosure laws more than 53,000 times.
Read more: http://www.abc.net.au/news/2017-12-13/cba-breached-money-laundering,-counter-terrorism-laws/9257224?source=Snapzu