Ann: $12.8m Special Dividend Received, page-28

As we saw with the $1 billion AUD Westpac fine, such a banking system for migrants and offshore transactions. could become open to abuse from money launderers, pimps and prostitutes.

All of these Class Actions involving CBA, Westpac and so on, the regulatory fines, $1 billion AUD for the Westpac money laundering of paedophiles, you have what Minister O’Neil said about the abuse of the skilled migrant visas and the student visas.

This is just terrible IMHO. it could be opening up Australian banking to the same faults as before this Royal Commission or whatever it was called.

Shocking to see that the ills of before, money laundering, migrant banking and lite Reg appear to be coming back.

Australia may need another Royal Commission if the other banks and this Western Union crew are allowed to do that.

Only Australian citizens and permanent residents should be allowed to open a bank account in Australia. if they are not citizens or permanent residents, their account should be closed and their funds frozen.

Like in the United States, there should be zero tolerance for money laundering, migrant banking without permanent residence and lite Reg.