House debates

Tuesday, 8 August 2017

Questions without Notice

Banking and Financial Services

2:38 pm

Photo of Malcolm TurnbullMalcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Hansard source

I will have more to say about this, but I would just remind the Leader of the Opposition that AUSTRAC has commenced legal proceedings. It has done its job. Were there to be an inquiry held into that of the kind the honourable member suggests, it would mean delaying or staying the legal proceedings. AUSTRAC is on the case doing its job. It has uncovered the wrongdoing and it is pursuing it. But I will ask the Treasurer to say more about this.

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