ANZ (ASX:ANZ) update on actions to prevent financial crime

Company News

by Rachael Jones

Following shareholder queries, ANZ (ASX:ANZ) today provided an update on the actions it has taken to assist in the prevention of financial crime in the Australian banking system.

ANZ also confirmed it is not aware of any impending litigation from AUSTRAC but are working with them, law enforcement and the broader industry to detect, prevent and disrupt serious financial crimes.

This includes money laundering, terrorism, human trafficking, tax evasion and child exploitation.

They have been reviewing the systems and processes we use to transfer money to ensure they are reporting the information required by regulators.

Shares in ANZ (ASX:ANZ) are trading 0.08 per cent higher at $24.96.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.