Read the Commonwealth Bank of Australia: The Unwitting Mule case study and answer the following questions: Link for case;

Please check the case study online

"Commonwealth Bank of Australia: The Unwitting Mule"

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. (9 marks)