Australia’s Largest Bank Quizzing Customers for Details on Cash Withdrawals

The bank is acting in accordance with Australia’s anti-money laundering laws.
Australia’s Largest Bank Quizzing Customers for Details on Cash Withdrawals
People walk past a branch of the Commonwealth Bank in Melbourne, Australia, on Feb. 6, 2019. William West/AFP via Getty Images
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Commonwealth Bank customers have raised concerns after being quizzed about their intentions when withdrawing large amounts of cash.

Banks have asked more detail questions about cash transactions with customers (including deposits) in response to government pressure to deal with money laundering concerns.