The shocking revelations about the bank's failures to protect against money laundering - even a child sex trafficker - has led me to ask:can I bank ethically?
If chairman Lindsay Maxsted finds Hartzer has any personal responsibility for the breaches revealed this week - he's unlikely to last as CEO.
Austrac says some of the alleged breaches by the bank include failing to properly vet transactions that could be linked to child exploitation.
A wave of mergers among member-owned financial institutions is leaving the sector more exposed to criminals attempting to launder money,Austrac says.
Afterpay chose not to reveal details of the much anticipated interim report on its compliance with anti-money laundering and counter-terrorism financing laws on Wednesday,but the market could not have cared less.
PayPal Australia must appoint an external auditor to examine"ongoing concerns"over its compliance with anti-money laundering and counter-terrorism financing laws,says Austrac.