This case study analyzes the ethical issues surrounding the Commonwealth Bank, focusing on allegations of non-compliance with financial regulations. The bank's implementation of Intelligent Deposit Machines without adequate risk assessment, as well as its failure to properly monitor and report suspicious transactions, are central to the discussion. The analysis delves into the historical context of the bank, the specific allegations made by AUSTRAC, and the ethical frameworks of Friedman's individualism and Kantian ethics. The case study highlights the importance of ethical decision-making in business, emphasizing the need for organizations to adhere to legal and ethical standards, and the potential consequences of failing to do so, including negative impacts on shareholders and the broader economy. The study concludes with a call for businesses to prioritize ethical conduct and adhere to the principles of good governance.
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