On Tuesday 17 March, the RBA resolved to increase the official cash rate. We strive to balance the needs of depositors and borrowers. We are currently reviewing our interest rates to ensure we remain competitive and sustainable.
Financial Institutions in Australia are governed by the Anti-Money Laundering and Counter-Terrorism Financing Act which came into force in 2006. The AML/CTF Act has had a significant impact on the Australian financial sector and has imposed AML/CTF obligations.
Some of these obligations include:
The Mutual Bank endeavours to comply with the AML/CTF Act in all dealings with members.
Click here to view further details of the obligations of the AML/CTF Act.
