NAB today welcomed the Australian Prudential Regulation Authority’s (APRA) approval of the acquisition of MLC Wealth by IOOF Holdings Limited. With regulatory approval now provided by APRA, NAB and IOOF are working towards completion of the transaction on 31 May 2021.
The approval by APRA follows the prior decision by the Australian Competition and Consumer Commission in December 2020 to not oppose the transaction.
AUSTRAC has today announced that it has finalised the Enforceable Undertaking (EU) with National Australia Bank Limited (NAB), agreed in April 2022. This marks the cancellation of the EU, which aimed to address NAB’s compliance with certain aspects of Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) laws.
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NAB today announced the appointment of Pete Steel as Group Executive, Digital, Data & Artificial Intelligence.
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NAB today announced its support for the formation of The Victorian Drought Taskforce.
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