Financial Crime Financial Crime

Australian banks weren't aware of A$500 million link to US illegal drug sales, says Austrac

By Ben Lucas
  • 23 Mar 2021 00:52
  • 23 Mar 2021 00:52
Australian banks did nothing wrong in a case that involved A$500 million ($386 million) from the sale of illegal drugs in the US passing through Australia’s financial system, the head of Australia’s anti-money laundering agency has said.

Speaking at a parliamentary hearing in Canberra yesterday, Nicole Rose told lawmakers that the proceeds

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