Brief: Bendigo And Adelaide Bank Reports Deficiencies In Approach To Ml & Tf

Bendigo and Adelaide Bank

25/11/2025 01:17

Nov 25 (Reuters) - Bendigo and Adelaide Bank Ltd BEN.AX:

DEFICIENCIES IN APPROACH TO ML & TF

ENGAGED DELOITTE TO CONDUCT INDEPENDENT INVESTIGATION

DELOITTE REVIEW FOCUSED ON ACTIVITY AT BRANCH, IN PERIOD BETWEEN 1 AUGUST 2019 AND 1 AUGUST 2025

DELOITTE'S FINDINGS CONFIRMED THAT THERE WAS DEFICIENT COVERAGE OF MANY ML/TF  RISK INDICATORS.

WILL CONTINUE TO ENGAGE WITH AUSTRAC, APRA AND ASIC IN RELATION TO THIS MATTER.

DELOITTE CONCLUDED DEFICIENCIES EXISTED THROUGHOUT RELEVANT PERIOD REGARDING BANK'S APPROACH ON MONEY LAUNDERING

Further company coverage: BEN.AX

 ((Reuters.Briefs@thomsonreuters.com;))