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Commonwealth Bank of Australia accused of overlooking money laundering – The Globe and Mail

A call to the phone number listed on CCamp;B’s website went unanswered. A visit to the address where Mr. Lu said he dropped off bags of money, at Lemon Grove shopping centre, showed no sign of CCamp;B – other than a mention in an old store guide for shoppers.

But the apparent purchases were fake, and last year Mr. Lu was jailed for two years after pleading guilty to helping launder $3.2-million of what police allege were proceeds from an unidentified international drug syndicate.

Australia’s Joint Organized Crime Group charged two CCamp;B employees with dealing in criminal proceeds about the same time as Mr. Lu, in August, 2015.

The court records reviewed by did not name Mr. Lu’s lawyer. Mr. Lu could not immediately be contacted directly because he was in custody.

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