Oh dear:
Sounds like most are violations to me. WBC has made a $900m provision for the fine. But AUSTRAC was pressing for $1.5bn even before this.
There may be more kiddie porn in this as well.
It could well be material.
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.
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.
Latest posts by David Llewellyn-Smith (see all)
- The Chinese economic slowing has resumed - February 25, 2021
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- Chief spy knew nothing of security breaches, rape under his nose - February 25, 2021
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