Commonwealth Bank accused of money laundering and terrorism-financing breaches

Australia’s financial intelligence agency suing bank for 53,700 breaches of laws, which it accuses of failing to report properly on $77m worth of suspicious transactions

Commonwealth Bank allegedly failed to act on suspicions that its network of “intelligent” deposit machines was being used by drug syndicates to launder tens of millions of dollars.

The Australian Transaction Reports and Analysis Centre (Austrac), the financial intelligence agency, announced on Thursday it is suing Commonwealth bank for 53,700 breaches of money laundering and counter-terrorism-financing laws.

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Marriage equality: Dutton urges Coalition to rein in ’emotional’ views

Minister asks MPs to keep comments to party room and calls on Andrew Broad to stay in the fold following his threat to resign if plebiscite promise broken

Peter Dutton has acknowledged members have “strong feelings” on same-sex marriage but urged them to keep comments to the party room as the Coalition government tries to contain the divisive issue.

The immigration minister also called on Andrew Broad to weigh up his important part in the Coalition after reports that the National party MP was considering resigning from the party to sit on the crossbenches if the government broke its promise to hold a plebiscite on marriage equality.

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Scott Morrison says partisan politics has driven up power prices

Treasurer appears to have moved on from position which saw him brandish a lump of coal in parliament last February

Treasurer Scott Morrison has flagged further support from the Turnbull frontbench for bipartisan energy policy, acknowledging that politics as usual has driven up power prices, and calling for both parties to “meet in the middle”.

The remarks, reported in Rockhampton’s Morning Bulletin, follow a speech Morrison delivered in Adelaide last week where he admitted building new coal power plants would not bring down power prices.

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