Category Archives: Corruption

Australia must punish those responsible and do much more to address the wrongs of the banks

By Jim Hayes

The big four banks and the AMP have just been lashed by Commissioner Kenneth Hayne for massive dishonest conduct. He has urged that criminal charges be laid under the Corporations Act, which carry big fines and up to 10 years jail. Continue reading Australia must punish those responsible and do much more to address the wrongs of the banks

Coalition has incentive to neuter federal corruption watchdog

This article by Eva Cripps and published by the Aim Network (27 November 2018) shows why Australia should be wary, of the Morrison government’s turnaround to support the creation of a federal corruption watchdog. She suggests that after its recent crushing electoral losses and finding itself in a minority government, it was compelled to change its strategy. But the intention to prevent disclosures that would embroil the government remains as solid as ever, which means that whatever is set up, will be intended to be a toothless pup.

Continue reading Coalition has incentive to neuter federal corruption watchdog

The Commonwealth Bank fined for what should be regarded as criminal acts

By Jim Hayes

After facing accusations form the Federal Government’s financial intelligence agency AUSTRAC, involving serious breaches of anti-money laundering and counter-terrorism financing laws, the Commonwealth Bank has agreed to pay a $700 million fine. It will also pay AUSTRAC’s $2.5 million legal costs. Continue reading The Commonwealth Bank fined for what should be regarded as criminal acts