Australian banks washed $500 million for violent South American cocaine cartels in a sophisticated money-laundering scheme, with the proceeds of crime moving through multiple countries before it was disrupted by Australian law enforcement.

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Australian banks washed $500 million for violent South American cocaine cartels in a sophisticated money-laundering scheme, with the proceeds of crime moving through multiple countries before it was disrupted by Australian law enforcement. (www.riskscreen.com)

Australia's Westpac slapped with 23 million money laundering breaches.

https://www.reuters.com/article/us-westpac-regulator/australias-westpac-slapped-with-23-million-money-laundering-breaches-idUSKBN1XT2UG

Commonwealth Bank of Australia will pay the biggest corporate fine in the country's history for failings that allowed drug gangs to launder money.

https://money.cnn.com/2018/06/04/investing/cba-fine-money-laundering/index.html

**Australia's Westpac slapped with 23 million money laundering breaches.** https://www.reuters.com/article/us-westpac-regulator/australias-westpac-slapped-with-23-million-money-laundering-breaches-idUSKBN1XT2UG **Commonwealth Bank of Australia will pay the biggest corporate fine in the country's history for failings that allowed drug gangs to launder money.** https://money.cnn.com/2018/06/04/investing/cba-fine-money-laundering/index.html

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Dishonest financial practices are now an annual event.

Australian media not even reporting on it because the current government is in bed with multi-nationals and the big banks.

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They get a little fine and promise not to get caught doing it again (for a while).

If you or I were to commit the kind of fraud perpetrated by the banks on a daily basis, we'd be sent to jail for life.

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