Commbank hit with fresh terror financing allegations

More than 100 fresh allegations have been made by the anti-money laundering agency AUSTRAC.
CBA already admits to breaching more than 50,000 provisions.
Ross Greenwood speaks with Michael Rodden from The Australian.
“The new allegations are quite explosive.
“There are four alleged breaches relating to money moving through the machines out to Lebanon by an account held by a convicted terrorists.
“There are also new claims about Australian money laundering gangs who are of Vietnamese descent.
“They were all moving money through the CBA smart ATM network without the actual transition being sent off to the regulator.
“The CBA sort of has a foot to stand on here. So when it rolled our its Intelligent ATM Network there was a coding error that didn’t send the transaction report of to the regulator.
Listen to the full interview