This report presents a comprehensive analysis of a law assignment focusing on financial institutions and securities. It begins with a case study on the Commercial Bank of Australia (CBA) and its involvement in a money laundering case, examining the role of the Australian Transaction Reports and Analysis Centre (AUSTRAC) and CBA's monitoring systems. The report explores the legal obligations of banks under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006, highlighting failures in governance and statutory duties. Following this, the report analyzes a case study involving Lamba, Empire Bank, and Esther Guo, evaluating the legal obligations of the bank and its employees to customers, including the duty of confidentiality and disclosure. It examines the legal actions available to Lamba in case of breaches of these obligations, such as seeking recourse from the Financial Ombudsman Service or the courts, and potential remedies including damages and injunctions. The report concludes by summarizing the contractual relationship between banks and customers and the associated legal responsibilities.