close up photo of cigarette ashes

Macquarie Bank Raking In Black Market Tobacco Profits

6 mins 1 dy

The ABC has reported that the Macquarie Group through its Next Payment’s ATMs is profiting from the black market tobacco trade in Australia. This multibillion dollar trade downunder is fuelling gang war slayings and making the nation a much more unsafe place. Macquarie bank raking in black market tobacco profits. Yet another loophole exists for criminals to launder their ill gotten gains in Australia – through private ATM machines. You get the strongest sense that authorities are not serious about stopping such things when they continue to allow flagrant violations by banks.

Crime Economics Fresh