Скачать или смотреть APRA & AUSTRAC Crack Down on Bendigo Bank: Money Laundering Risks & Regulatory Action Explained

Australian regulators APRA and AUSTRAC have taken decisive action against Bendigo and Adelaide Bank due to significant deficiencies in its money laundering risk management and overall risk culture. This video breaks down the findings of the Deloitte review, the specific actions taken by APRA and AUSTRAC, and what this means for the bank and the broader financial industry.
Key Points Covered:
Independent Review Findings: Understanding the Deloitte report's revelations about Bendigo Bank's money laundering vulnerabilities.
Regulatory Response: APRA's root cause analysis, $50 million capital add-on, and AUSTRAC's enforcement investigation explained.
Implications for Bendigo Bank: The financial and reputational impact of these actions and the bank's path to remediation.
Broader Industry Lessons: What this case highlights about the importance of robust risk management frameworks in banking.