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Money Laundering Scandal At Australia's Largest Bank Triggers Another Call For Ban On Cash

Money Laundering Scandal At Australia's Largest Bank Triggers Another Call For Ban On Cash

Authored by Mike Shedlock via MishTalk.com,

Ian Narev, the CEO of Commonwealth Bank of Australia (CBA), the nation’s largest bank is set to step down amid money laundering charges.

Money laundering is big business in Australia because regulations do not cover lawyers, real estate agents, accountants, and CEOs ignoring warnings from police.

Despite the obvious problem, it’s cash itself that gets the blame.

Martin Armstrong Warns, Australia Is "Crossing The Line Into A Totalitarian State"

Martin Armstrong Warns, Australia Is "Crossing The Line Into A Totalitarian State"

Authored by Martin Armstrong via ArmstrongEconomics.com,

Behind the Curtain, there seems to be no government going completely nuts more so than Australia.

They are doubling taxes on all foreigners who own property, which is a violation of international law, and then they made it a crime for a foreign to even buy a house undisclosed.

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