Homework
For this homework, students are to apply the concepts taught in the law modules to a case study (Commonwealth Bank of Australia: The Unwitting Mule) and answer four short answer questions. To best answer these questions, students may be required to research beyond the principles taught in the lectures and tutorials, and will be required to reference any external material that is used.
Task
Read the Commonwealth Bank of Australia: The Unwitting Mule case study and answer the following questions:
a. What areas of law are pertinent to this case study? Describe what the identified areas of law cover, and explain how they are relevant to the issues raised in the case study.
b. What is the business structure of the Commonwealth Bank of Australia (CBA)? What does this structure say of the duties that the bank's directors owe to its stakeholders, and how have the directors breached those duties by allowing the conduct that is detailed in the case study.
c. Describe the regulatory responsibility of AUSTRAC in the context of this case. What changes (if any) to the scope of their responsibility were brought about by the findings of the 2018 Royal Commission into the Banking sector.
d. What business risks were ignored by the CBA executives, and what good governance and compliance practices could have been implemented to alleviate these risks?
Format your homework according to the give formatting requirements:
a. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
b. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
c. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.