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AUSTRAC compliance: Comyn 'never' satisfied

Nov 21, 2018 - Australian Financial Review

Commonwealth Bank CEO Matt Comyn has said he would never be happy with the bank's compliance with anti-money laundering laws after a report last month raised 45 new issues alongside the 199 known ones, the Hayne royal commission has heard.

"I suspect there will never be a day while I'm in this role that I ever say that I'm fully satisfied with it, where we're dealing with all our AML-CTF risks because it will be one of those risks that continue to evolve," he said.

Mr Comyn was being...