AUSTRAC refuses exemption for CBA in ‘cuckoo-smurfing’ case
Access Law 2022-05-23 12:51 pm By Cindy Cameronne | Sydney
Please login to bookmark Close

The Commonwealth Bank of Australia will bring its second bid to dismiss a case brought by customers who claim they were the victims of “cuckoo-smurfing” and had funds seized as proceeds of crime because the bank breached its anti-money laundering obligations.

Subscribe to Lawyerly to access this article.

Already a subscriber?
Lost your password?

For information on rights and reprints, contact subscriptions@lawyerly.com.au