
Exposing Financial Crime Down Under, with Nathan Lynch
Financial Crime Matters
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The Bank's Compliance Culture After the Financial Crisis
Narrow was among the top five most profitable banks in the world. The bank had a culture of positive news and no one wanted to look at the negatives, according to an internal review. Narrow generated $10 billion a year in profit might add - which made it one of the most profitable Banks in the world after the financial crisis. This all triggered a royal commission, a prudential inquiry, a conduct investigation as well as the $700 million fine from Ostrac.
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