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The Commonwealth's top Execs hit with a pay cut over money laundering allegations
Financial crimes agency, AUSTRAC, launched federal court action last week, accusing the Commonwealth Bank of more than 53,000 breaches of the law.
The CBA board accepted it's own 20 per cent pay cut and has killed off all short term bonuses for executives but says it still has full confidence in CEO Ian Narev.
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By [email protected] (ABC News)Financial crimes agency, AUSTRAC, launched federal court action last week, accusing the Commonwealth Bank of more than 53,000 breaches of the law.
The CBA board accepted it's own 20 per cent pay cut and has killed off all short term bonuses for executives but says it still has full confidence in CEO Ian Narev.