Australia has said it will move to regulate exchanges that deal in the cryptocurrency bitcoin, as part of its crackdown on money laundering and terrorist financing.
Commonwealth Bank chief executive Ian Narev will bid goodbye to the organisation by the end of June 2018 in the wake of the allegations of violating money-laundering and counter-terrorism financing laws levelled by AUSTRAC.
The Commonwealth Bank has blamed coding errors in a software update for its Intelligent Deposit Machines for its allegedly falling foul of Australian money-laundering and terror-financing laws.
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