FEAR & GREED | Business News Banks pressure over terrorism rules; highest paid CEOs; richest shipwreck recovered
Nov 25, 2025
The banking sector faces scrutiny over anti-money laundering and terrorism compliance issues after findings from Deloitte. Meanwhile, Shemara Wikramanayake emerges as Australia's highest-paid CEO, earning a whopping $24 million. In other news, treasures from a historic shipwreck off Cartagena are being recovered, and Jakarta claims the title of the world's largest city. Exciting developments in global business and social responsibility abound!
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Banks' AML Failures Are Systemic
- Bendigo and Adelaide Bank's Deloitte review found broad AML and terrorism-financing deficiencies across the whole bank, not just one branch.
- The revelation highlights persistent industry-wide control weaknesses despite regulators' past enforcement actions.
History Of Enforcement Against Big Banks
- Multiple major Australian banks have faced enforcement for inadequate anti-money laundering controls over recent years, including Westpac and Commonwealth Bank.
Reassess Bank Holdings After AML Alarms
- Investors should treat AML control failures as legitimate reasons to reassess bank holdings and sell if risk increases.
- Market reaction can be broad, so monitor sector-wide stock performance, not just the single bank involved.