(Reuters) - Commonwealth Bank of Australia <CBA.AX> announced on Monday the retirement of two directors and members of its audit committee, following allegations it allowed thousands of breaches of anti-money laundering a terror financing rules through its accounts.
Launa Inman and Harrison Young were stepping down and Robert Whitfield had been appointed as an independent non-executive director of the board effective immediately, it said in a statement.
CBA on Friday confirmed that its internal reporting had flagged shortcomings in its monitoring of offshore transactions as early as February, well before Australia's financial intelligence agency launched a civil case against it on Aug. 3.
(Reporting by Sandhya Sampath in Bengaluru; Editing by Stephen Coates)
