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AUSTRAC refuses exemption for CBA in ‘cuckoo-smurfing’ case
Financial Services 2022-05-23 12:51 pm By Cindy Cameronne

The Commonwealth Bank of Australia will bring its second bid to dismiss a case brought by customers who claim they were the victims of “cuckoo-smurfing” and had funds seized as proceeds of crime because the bank breached its anti-money laundering obligations.

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‘The end of litigation as we know it’: Judge pans Nando’s costs in franchising spat
Franchises 2022-03-07 2:36 pm By Miklos Bolza

Nando’s Australia has been criticised for claiming that its costs in a dispute against a single franchisee could reach close to $2 million, with an associate judge saying the bill could kickstart a precedent that leads to “the end of litigation as we know it”.

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CBA can’t throw out ‘cuckoo-smurfing’ lawsuit
Financial Services 2021-11-10 12:28 pm By Miklos Bolza

The Commonwealth Bank of Australia has failed in its bid to dismiss a case brought by customers who claim they were the victims of “cuckoo-smurfing” and had funds seized as proceeds of crime because the bank breached its anti-money laundering obligations.

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