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Bendigo Bank Uncovers Widespread AML Failures, Vows Full Remediation
8:52am on Tuesday 25th of November, 2025 AEDT
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Financial Services
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Bendigo Bank Uncovers Widespread AML Failures, Vows Full Remediation
8:52am on Tuesday 25th of November, 2025 AEDT
Key Points
Deloitte investigation exposed AML/CTF control weaknesses from 2019 to 2025
Deficiencies found across risk assessment, customer due diligence, and transaction monitoring
Issues extend beyond one branch, indicating systemic risk management failures
Bank commits to fully funding remediation and enhancing compliance frameworks
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