Business
Westpac settles AUSTRAC money laundering case with $1.3 billion fine – ABC News
Westpac reaches a deal with AUSTRAC to settle more than 23 million alleged breaches of anti-money laundering laws by paying a record $1.3 billion penalty.
Westpac has reached a deal with AUSTRAC to settle more than 23 million alleged breaches of anti-money laundering laws by paying a record $1.3 billion penalty.
Key points:
- AUSTRAC says Westpac breached anti-money laundering rules more than 23 million times, involving transactions of more than $11 billion
- The $1.3 billion penalty is almost twice the previous largest fine of $700 million against CBA in 2018
- Westpac says it has now closed down the relevant products and enha…
Continue Reading
-
General20 hours agoAccused of Antisemitism: Herald Sun, Israel lobby v Dandenong Clr Rhonda Garad
-
Noosa News19 hours agoMitch Power Quick Shear event gets men talking about mental health
-
Noosa News13 hours agoNRL live updates: Newcastle Knights vs Melbourne Storm, St George Illawarra Dragons vs Sydney Roosters, North Queensland Cowboys vs Canterbury Bulldogs
-
General12 hours agoAlgal bloom fears grow as video shows dead fish in ‘neon green’ waters near Ardrossan