Are Sleaze Bank’s problems about to go global?

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Via The Australian:

Fears are growing that offshore regulators will be next to take a swipe at the nation’s largest bank, as ramifications for Commonwealth Bank’s alleged breaches of anti-money laundering laws start to mount.

…The bank is also under investigation by the Hong Kong Monetary Authority, while the Monetary Authority of Singapore has said it is ‘‘aware’’ of the Austrac allegations.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.