1. State Street bank hit with million-dollar money laundering fine  ABC News
  2. State Street hit with AUSTRAC fine, infringement notice  The Australian Financial Review
  3. Financial crime agency fines State Street  7NEWS.com.au
  4. Austrac hits State Street with $1.2m fine over AML/CTF breach  The Australian
  5. View Full coverage on Google News
The Australian arm of US bank State Street is the latest financial institution to be fined for breaching anti-money laundering laws.The Australian arm of US bank State Street is the latest financial institution to be fined for breaching anti-money laundering laws.

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US-owned bank State Street has been fined $1.2 million for failing to report international fund transfers, leaving it exposed to exploitation by criminals.US-owned bank State Street has been fined $1.2 million for failing to report international fund transfers, leaving it exposed to exploitation by criminals.

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The US custodian bank said it has a remediation plan to address compliance issues.The US custodian bank said it has a remediation plan to address compliance issues.

Australian Financial Review

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