AUSTRAC Are pursuing cba due to systemic failures st cba and...

AUSTRAC Are pursuing cba due to systemic failures st cba and also allege after the money laundering was discovered the bank still didn’t do enough and did monitor the customers. A branch manager even pleaded with compliance to help saying the intelligent deposit machines were being used for money laundering.Cash did go overseas - though it likely proceeds of drug crimes rather than terrorist financing.

Seperately ASIC are pursuing cba in court for unconscionable conduct alleging they manipulated the bank bill swap rate to profit on their trades at the expense of others.