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APRA accepts rare court enforceable undertaking to improve risk and compliance weaknesses from major insurer (March 2021)

Regulatory Investigations and Financial Crime Blog

The Australian Prudential Regulation Authority (APRA) has accepted a court enforceable undertaking (CEU) from Allianz Australia Insurance Limited (Allianz), acknowledging "past weaknesses" in Allianz's "risk culture, risk governance, and risk management".

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