Commonwealth Bank achieved huge profit $9.93 billion amid facing intellient deposit machines scandal

The rise in profit comes as Australia's biggest bank faces allegations its intelligent deposit machines were used by money launderers and criminal gangs.

Commonwealth Bank has announced a full-year after-tax profit of $9.93 billion Source: AAP

With anti-money laundering agency AUSTRAC launching its court action just last week, the likelihood of penalties in the millions, or potentially billions, of dollars has not affected CBA's 2017 financial year results.