Bank of Queensland falls as co enters undertakings with Australian regulators

Bank of Queensland

31/05/2023 02:28

** Shares of Bank of Queensland  BOQ.AX  fall as much as
5.2% to A$5.480, their lowest since Oct 2, 2020
    ** Co enters into separate undertakings with Australia's
financial crime and prudential regulators
    ** Undertakings with AUSTRAC and APRA to ensure compliance
with anti-money laundering and counter-terrorism financing laws
and address risk governance practices
    ** Says key terms of the undertaking submitted to APRA
include the preparation of a remedial action plan, and
appointment of an independent reviewer
    ** Says APRA added A$50 mln to co's operational risk capital
requirement
    ** BOQ top loser in ASX 200 benchmark index  .AXJO 
    ** As of last close, stock down 16.2% this year

    

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))