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CBA admissions will make class action easier but shareholders still have a lot to prove

  • Written by Michael Legg, Professor of Law, UNSW
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The Commonwealth Bank of Australia recently admitted it breached Australia’s anti-money laundering and counter-terrorism financing laws. The admissions in its response to allegations from the Australian Transaction Reports and Analysis Centre (AUSTRAC) will make it easier for shareholders to prove their claims of misleading and deceptive...