Briefs: Former CBA executive pleads guilty to bribery, Austrac targets remitters, new head of policy
Former Commonwealth Bank IT executive Keith Hunter pleaded guilty on Friday to bribery charges relating to multi-million contracts between the CBA and a Silicon Valley-based tech company. The NSW police allege that Hunter, the CBA's former head of IT service delivery, and a CBA colleague, Jon Waldron, who was the bank's former general manager of IT engineering, were paid at least US$2 million in bribes by ServiceMesh chief executive Eric Pulier to secure a cloud computing and storage contact. Hunter will return to court for sentencing on December 5.Anti-money laundering regulator Austrac has taken action against six remitters in the past month, stepping up its enforcement activity in that market. Last week it suspended the registration of Safir Pty Ltd, SMX Services Pty Ltd and Mujtaba Musawi. Earlier in the month it cancelled the registrations of Korea Pty Ltd and Forex Sydney Pty Ltd, saying both had failed to comply with their reporting obligations. And it suspended Vision Rehoboth Pty Ltd, trading as City Kowon.The Australian Payments Clearing Association has appointed Damien Butler executive manager policy and strategy. Butler was previously the head of public policy at Suncorp.ANZ is planning to sell its online broking business ANZ Share Investing (formerly E*Trade), the Australian Financial Review reports. The bank is reviewing its wealth business and divestments are expected. The paper is also speculating that ANZ will sell its New Zealand finance company UDC Finance Ltd.