CBA faces new claims

THE Commonwealth Bank is facing allegations a drug and firearms syndicate laundered $42 million through its ATMs.

The claims emerged as the nation’s “dirty money” watchdog, whacked the bank with another 100 alleged contraventions of anti-money laundering laws.

The Australian Transaction Reports and Analysis Centre said the new allegations were only identified after the initial case against the bank was launched in August. The expanded allegations also claim the bank did not properly monitor the account of a convicted terrorist.