It's not just CBA: all the banks are exposed to millions in money laundering

By Nick McKenzie, Richard Baker, Georgina Mitchell
Updated September 15 2017 - 8:03am, first published 7:19am
Crime groups are washing millions a day of dirty money through Australia's big banks. Photo: Tanya Lake
Crime groups are washing millions a day of dirty money through Australia's big banks. Photo: Tanya Lake

Gaping holes in the anti-money laundering systems of Australia's big banks are being exploited by crime groups to wash up to $5 million in drug cash a day, according to confidential briefings by federal and state policing agencies.

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