Statements
Gangster heaven: the inside story of Australia’s biggest money-laundering scandal
Many words have been written about the Commonwealth Bank money-laundering scandal and many, many more will be written still; being caught for 55,300 criminal breaches is no mean feat. Fused with the state, backed by taxpayers, too big to fail, a financial success and a moral failure; Commonwealth Bank has become a symbol for what is wrong with big business and government. No better story has been written about the CBA fiasco than the following investigative feature by Nathan Lynch of Thomson Reuters’ Financial Crime and Risk, Regulatory Intelligence division. Nathan has kindly allowed us to publish outside the paywall in the public interest.
Read here
Michael West