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.