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TI Australia comments on CBA case

Transparency International Australia (TIA) commends AUSTRAC, Australia’s financial intelligence agency, for investigating and pursuing all cases of alleged breaches of money laundering and counter-terrorism-financing laws.

xThis is the first time AUSTRAC has stepped up and tried to sanction one of Australia’s banks, and only the second time AUSTRAC has pursued a major corporation in Australia – TABCORP, being the first.

‘We may well be at a tipping point in AUSTRAC’s capacity to combat money laundering and the proceeds of crime to finance terrorism in Australia’, said Serena Lillywhite, CEO of Transparency International Australia.

Read the full media release

TI Australia is committed to complying with ACFID's Code of Conduct and the Code’s complaints handling process.