CBA didn’t have to alert investors to ‘toings and froings’ of AUSTRAC probe, judge says

Class Actions 2024-05-15 11:18 pm By Cindy Cameronne | Sydney

A judge that tossed two shareholder class actions against the Commonwealth Bank of Australia has found the bank did not have to alert investors to the possibility of AUSTRAC proceedings, saying investors did not expect to be apprised of the “toings and froings” of regulatory investigations.