Deregulation and weak regulations allows greed and dishonesty to continue in Australia’s financial sector, argues Suzanne James.
Australian Transaction Reports and Analysis Centre (AUSTRAC)
There has never been a better demonstration of how corrupt, complicit and hypocritical government institutions have become in their dealings with China than what has gone down with Crown Resorts, writes Suzanne James.
Organised white-collar crime — moving dirty money for people and companies — has became a whole lot easier. Meanwhile, Suzanne James reports, banks remain untouchable.
The case for re-nationalising the Commonwealth Bank of Australia (CBA) is becoming stronger every day. The latest in a string of scandals to hit "Australia's leading bank" is the revelation the CBA is facing allegations that its Intelligent Deposit Machines (IDMs) were used by money launderers and criminal gangs to process millions of dollars in cash.