Two big banks ignore Australian money laundering rules

• Print
• Email

Updated July 3, 2009 10:56:20

Two international banks are being diciplined for failing to comply with Australia's Anti-money Laundering and Counter terrorism Act.

The British based Barclays and the Chinese bank Mega have failed to send regular reports to the Australian government watchdog, AUSTRAC. AUSTRAC investigates money laundering and terrorism finance.

Presenter: Felicity Ogilvie
Speakers: Neil Jensen, AUSTRAC's Chief Executive

• Listen:
• Windows Media

• Gitmo undermines the US rights message in Asia: Amnesty
• 'Second Chance' for Bangkok slums
• Rudd praises Indonesian cooperation on asylum seekers
• India's PM decries national shame of malnutrition
• Debate over Australia's easing of sanctions against Burma
• Japan agrees to release anti-whaling activists
• Anwar Ibrahim to go after democratic reforms
• PNG leader rejects calls for resignation