Why has the media not reported on Westpac & the Commonwealth Bank of Australia being under investigation for CHILD SEX TRAFFICKING, money laundering and terrorist activities???
In 2018, Fiona Barnett wrote
Australia’s No. 2 bank, Westpac, was under investigation for the very same crimes that the Commonwealth Bank of Australia was fined $700 mil for laundering money from CIA child sex trafficking and channeling this into CIA ‘terror’ activities.
Australia’s No. 2 bank, Westpac, was under investigation for the very same crimes that the Commonwealth Bank of Australia was fined $700 mil for laundering money from CIA child sex trafficking and channeling this into CIA ‘terror’ activities.
Mainstream media did not report this fact but Fiona Barnett detailed this in her book Eyes Wide Open. https://burners.me/2019/08/07/fiona-barnett-free-e-book-eyes-wide-open/
http://www.theguardian.com/australia-news/2020/jul/28/westpac-discloses-more-anti-money-laundering-and-counter-terrorism-finance-law-breaches
https://www.telegraph.co.uk/business/2020/09/24/westpac-handed-record-fine-worth-722m-breaching-money-laundering/
https://www.telegraph.co.uk/business/2020/09/24/westpac-handed-record-fine-worth-722m-breaching-money-laundering/
How it all began
In May 2012, CBA rolled out intelligent deposit machines (IDMs). These IDMs allowed individuals to deposit cash or checks, and to do so anonymously. https://thenewdaily.com.au/finance/finance-news/2020/02/19/australia-money-laundering/
In May 2012, CBA rolled out intelligent deposit machines (IDMs). These IDMs allowed individuals to deposit cash or checks, and to do so anonymously. https://thenewdaily.com.au/finance/finance-news/2020/02/19/australia-money-laundering/
The machines would count the money, and instantly credit it to the recipient’s account. The purpose of IDMs was to make banking more convenient; it wasn’t necessary to wait in line & then speak with a bank teller, which could be a time consuming process. Small business appeal.
IDMs began generating a small fortune for CBA. After opening, approximately A$89.1 million in cash was deposited within the first six months. In May and June 2016, over A$1 billion was deposited each month into the CBA IDMs. https://kyc-chain.com/commonwealth-bank-the-million-dollar-money-laundering-scandal-youve-never-hear-of/
But the bank was doing very little when it came to the risk assessment of these machines. A total of A$8.91 billion was deposited into the bank’s IDMs before any investigation was conducted regarding the possible money laundering and terrorist financing risks of IDMs.