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Why Commonwealth Bank’s $1 billion suspected loan fraud should change how we bank and do business

  • Written by The Conversation

The Commonwealth Bank reportedly suspects around A$1 billion in home loans were obtained fraudulently, including through AI-generated documents. The Australian Financial Review says the bank has reported itself to police and the corporate watchdog to investigate.

According to sources quoted in the newspaper, Australia’s largest bank...

Read more: Why Commonwealth Bank’s $1 billion suspected loan fraud should change how we bank and do business

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