National Australia Bank Advised Of Referral To AUSTRAC Enforcement Team; Stock Down CANBERA (dpa-AFX) - Shares of National Australia Bank Ltd. (NAUBF.PK, NABZY.PK, NAB.AX) or NAB were losing around 3 percent in Australian trading after Australian Transaction Reports and Analysis Centre or AUSTRAC informed that it has identified serious concerns with NAB's compliance with the Anti-Money Laundering or AML and Counter-Terrorism Financing or CTF Act 2006 and the Anti-Money Laundering and Counter-Terrorism Financing Rules 2007. The concerns have been referred to AUSTRAC's enforcement team, which has initiated a formal enforcement investigation. In a letter dated June 4, AUSTRAC advised NAB that it is the agency's view that there is 'potential serious and ongoing non-compliance' with customer identification procedures, ongoing customer due diligence and compliance with Part A of NAB's AML/CTF Program.