NAB working with Accenture on massive compliance fix
Consultancy.com.au, 15 June 2021
Consulting giant Accenture is reportedly working with the NAB on a “mammoth” project to fix the long-standing compliance issues which have recently led to increased regulatory scrutiny.
The National Australia Bank has brought in professional services giant Accenture on a secret project to combat shortfalls in its financial crimes compliance and identification of high-risk customers, according to a report from the Sydney Morning Herald. Dubbed ‘Project Apollo’, the engagement is described as ‘mammoth’ by the paper, with Accenture said to have hired additional staff to work specifically on the project. Continue reading “Article: NAB working with Accenture on massive compliance fix”
SYDNEY (Reuters) – National Australia Bank said on Monday it is under investigation for suspected serious and ongoing breaches of anti-money laundering and counter-terrorism laws, sparking concerns about potential fines and higher compliance costs.