National Australia Bank has revealed new details about its problems with staff falsely witnessing key documents, telling an inquiry the issue had occurred 2000 times and there would be "consequences" for those involved.
Appearing before the government's banking inquiry in Canberra on Friday, NAB chief executive Andrew Thorburn said 343 staff had come forward relating to the problem, which was revealed by BusinessDay in May
NAB chief executive Andrew Thorburn said 343 staff had come forward relating to the problem. Photo: Andrew Meares
The issue relates to the witnessing of declarations on forms that authorise who gets a client's superannuation if they die.
It was NAB's policy to have two witnesses, but in November last year the bank detected that some of these forms were being signed with only one witness present.This article was first published by http://www.smh.com.auAuthor: Clancy Yeates