National Australia Bank Ltd

NAB: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$36.00	Gymj	Ldqhgntvn

National Australia Bank’s Turn to Face AUSTRAC’s Wrath

Nathan Zaia

Jun 7, 2021

We make no change to our forecasts or AUD 26 fair value estimate for National Australia Bank following the announcement AUSTRAC has begun formal enforcement investigations into breaches of anti-money laundering and counter-terrorism financing, or AML/CTF, rules.

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