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Bendigo & Adelaide Bank ( (AU:BEN) ) just unveiled an announcement.
Bendigo and Adelaide Bank has identified significant deficiencies in its handling of money laundering and terrorism financing risks, following an independent review by Deloitte. The investigation revealed systemic issues in the bank’s risk management practices, including inadequate transaction monitoring and customer risk assessment. In response, the bank’s board is committed to enhancing its compliance systems and processes to meet legal obligations, and will engage with regulatory bodies to address these issues.
The most recent analyst rating on (AU:BEN) stock is a Sell with a A$10.00 price target. To see the full list of analyst forecasts on Bendigo & Adelaide Bank stock, see the AU:BEN Stock Forecast page.
More about Bendigo & Adelaide Bank
Bendigo and Adelaide Bank Limited operates in the financial services industry, providing banking and financial products and services. The company focuses on retail banking, business banking, and wealth management services, serving a diverse customer base across Australia.
YTD Price Performance: -12.26%
Average Trading Volume: 1,219,446
Technical Sentiment Signal: Hold
Current Market Cap: A$6.18B
Find detailed analytics on BEN stock on TipRanks’ Stock Analysis page.