CONCERNS OVER COMMONWEALTH BANK OF AUSTRALIA USING TEMPORARY CONTRACTORS IN ITS FINANCIAL CRIME TEAM

On 25 June, the Sydney Morning Herald reported that CBA is using temporary contractors in its financial crime team, sparking fresh concerns that workers on insecure contracts have cut corners on critical compliance tasks.  It is using them to fill roles in multiple teams across its financial crime department – including those that monitor high-risk customers and suspicious transactions.

https://www.smh.com.au/business/banking-and-finance/cba-s-contractor-use-sparks-financial-crimes-compliance-concerns-20210624-p583vf.html

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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