Via The Australian:
Macquarie Group is locked in talks with Austrac to resolve “an issue” with its financial reports, joining National Australia Bank and Westpac in having to address problems with the anti-money-laundering and terrorism financing regulator.
A cache of submissions to the royal commission into financial sector misconduct released late yesterday also revealed AMP had failed to comply with the AML/CTF legislation requiring reporting of large cash deposits to AMP Bank made through the Australia Post network.
HSBC, Citi, RaboBank and Suncorp were also among banks to confess dealings with Austrac, although some related to know-your-client rules about customer data.
Call APRA and the RBA to prevent any action.
