Bank of Australia is reportedly coming under criticism over its controls and compliance systems , as ASIC reportedly plans to launch an enforcement against the bank as part of the response to the Murray Enquiry . The regulator has said that " ASIC 's concerns regarding the bank 's compliance systems ( specifically in relation to the bank 's internal monitoring responsibilities ) are also separately held by it , as a result of its investigation into the bank 's money - market deposit account " .
Bank of Queensland is reportedly coming under criticism over its controls and compliance systems, as ASIC reportedly prepares to launch an enforcement against the bank as part of the response to the Murray Enquiry. The regulator has said that "ASIC's concerns regarding the bank's compliance systems (specifically in relation to the bank's transaction monitoring responsibilities) are also separately held by AUSTRAC, as a result of its investigation into the bank's money-market deposit account".