Global Investigations Review - The law and practice of international investigations

Australian bank blames 53,000 reporting failures on software update

By Michael Griffiths

07 August 2017

Australian bank blames 53,000 reporting failures on software update Commonwealth Bank of Australia cash machines TkKurikawa via iStockphoto

The Commonwealth Bank of Australia has said that its belated reporting of 53,000 suspicious payments was due to a "coding error", in a matter that could see the bank pay A$1 trillion in penalties.