‘Big Four’ Australian Bank Beats Bitcoin… in Money Laundering

in #banks6 years ago

One of Australia’s “big four” banks, Commonwealth Bank (CBA), has agreed to pay Australian Transaction Reports and Analysis Centre (AUSTRAC) AUS$700M ($530M USD) in settlements for breaching anti-money laundering and counter-terrorism financing laws.

Good article, shows that certain people have their own agenda when saying bitcoin is only for criminals.

Read the full story here...
http://bitcoinist.com/australias-biggest-bank-pay-700m-fine-money-laundering/

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That's nice

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