AUSTRALIA: NAB REVEALS INTERNAL INVESTIGATION INTO ANTI-MONEY LAUNDERING ‘ISSUES’

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November 16 2017

AUSTRALIA’S third largest bank, NAB, has confirmed it is holding an internal investigation to identify and fix a number of issues relating to anti-money laundering and counter-terrorism funding laws.

In its annual report which was released this week, acknowledgment of the investigation was revealed deep within the document on page 108 where it noted “the group is currently investigating and remediating a number of identified issues”.