The Australian Government has launched a Royal Commission Review into the finance sector after reports of scam, over-charging, and fraud. The Commonwealth Bank has been at the center of the scandal, with evidence of money laundering and terrorism subsidizing. The Royal Commission will investigate the issue and report back to the government within 12 months. While some have criticized the move as unnecessary and potentially damaging to the banking sector's reputation, others see it as a necessary step to restore public trust and hold institutions accountable.