THE Federal Court of Australia has fined Macquarie Bank US$6.4 million for its lack of controls to detect and prevent unauthorised fee transactions carried out by third parties on customer accounts, the securities regulator said on Friday (Apr 19).
THE Federal Court of Australia has fined Macquarie Bank US$6.4 million for its lack of controls to detect and prevent unauthorised fee transactions carried out by third parties on customer accounts, the securities regulator said on Friday (Apr 19).