Scott Morrison (Cook, Liberal Party, Treasurer) Share this | Hansard source

I thank the Prime Minister for the opportunity to respond. The matter that AUSTRAC is pursuing in the courts with the Commonwealth Bank of Australia is very, very serious. That matter should be properly pursued through the courts. I was briefed on this matter in detail on Monday by AUSTRAC, and I immediately requested the chairman of the Commonwealth Bank to meet with me. I met with her earlier today to discuss the very serious issues with the Commonwealth Bank. At the same time, I have been taking advice from the key agencies and I have spoken both to APRA and ASIC in relation to these issues, as well as taking advice from Treasury. I have made it very clear to the Commonwealth Bank that, in relation to these matters, the government's response is prepared to consider all options, and that remains our view.

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