There was more bad news for CBA shareholders after plaintiff law firm Maurice Blackburn said it would look into a potential class action on behalf of said shareholders over the bank's disclosure of more than 53,000 alleged breaches of anti-money laundering laws. CBA ended the session down 0.6 per cent.
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A one trillion dollar fine is on the card because CBA's assisting of money laundering indirectly harmed and possibly killed some Australians, due to possible terrorists and drug trafficking links. This is extreme when compared to CBA forcing Arrium into Administration in April 2016. Hopefully, CBA will lose its banking licence, because this is criminal.