CBA got caught because their automated systems took deposits of $20K at a time?. The other big 3 claim that their machines only accepted $5K at a time? so they did not have to do due diligence??. CBA reported to have processed about half billion dollars. IMHO the true total could be multiples of this amount. Especially is illegal funds were flowing in and out of the country in an attempt to launder money.
What happens to the management of CBA?? they did not comply with Federal law. The maximum penalty on over 53,000 breaches of the law could put the CBA out of business?? I believe each count is for $18M x 53,000 = $954 billion!!! is this correct???
Sell, sell, sell.......
WBC Price at posting:
$31.54 Sentiment: Sell Disclosure: Not Held
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