APRA and AUSTRAC take action against Bendigo and Adelaide Bank over serious, potentially systemic ML and risk‑management deficiencies, triggering a $50M capital add-on and enforcement probe

APRA has required the bank to do a root cause analysis to fully understand the breadth of non‑financial risk management issues beyond just AML/CTF. The regulator has imposed a $50 million operational risk capital add‑on — meaning the bank must hold extra capital against operational risk until the issues are fixed. AUSTRAC has commenced an enforcement investigation to examine whether the bank complied with its obligations…