BOQ -5.36%: the regional bank announced it had entered into an enforceable undertaking with both APRA and AUSTRAC on the back of risk and governance concerns. The bank will need to appoint both an external auditor for AUSTRAC as well as an independent reviewer for APRIA as they look to work through a number of concerns from the regulators. They have 120 days for submissions to both as well, while APRA have added an additional $50m in risk capital requirements while the issues are worked through.
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