NAB (ASX:NAB) alerted to anti-money laundering mishaps
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07 Jun 2021 - National Australia Bank (ASX:NAB) has come under scrutiny by the financial law enforcement agency. The big-four bank received a notification from AUSTRAC on June 4, highlighting allegedly questionable areas of NAB’s customer identification and due diligence processes. The addressed concerns represent potential breaches of anti-money laundering and counter-terrorism financing laws.