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).
Home Investments Australia fines Macquarie Bank US$6.4 million for not preventing unlawful third-party transactions
- Advertisement -
Most Popular
HSBC to lose Asia expert as chairman Mark Tucker announces retirement
The bank will likely begin the search for a successor on its present board
