CBA unit hit with $700,000 criminal fine for insurance hawking

CBA 2019-11-28 1:16 pm By Miklos Bolza | Sydney

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The Commonwealth Bank of Australia’s insurance division, CommInsure, has been fined $700,000 for breaching insurance hawking laws in Australia’s first post-Royal Commission criminal conviction, dodging a maximum fine of over $1.8 million through an early guilty plea and cooperation with ASIC.

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