June 4 (Reuters) - Commonwealth Bank of Australia CBA.AX :
* CBA AND AUSTRAC RESOLVE AML/CTF PROCEEDINGS
* ENTERED INTO AN AGREEMENT WITH AUSTRAC, AUSTRALIAN GOVERNMENT'S FINANCIAL INTELLIGENCE AGENCY, TO RESOLVE CIVIL PROCEEDINGS COMMENCED BY AUSTRAC
* CBA WILL PAY A CIVIL PENALTY OF $700 MILLION TOGETHER WITH AUSTRAC'S LEGAL COSTS OF $2.5 MILLION
* ADMITTED FURTHER CONTRAVENTIONS OF AUSTRALIA'S ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM ACT BEYOND THOSE ALREADY ADMITTED
* AUSTRAC'S CIVIL PROCEEDINGS ARE OTHERWISE DISMISSED