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Australia’s Westpac Nailed For 23M AML Violations 

November 20, 2019
australia, AUSTRAC, watchdog, financial regulations, anti-money laundering, AML, Westpac bank, fines, news
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Australia’s Westpac Nailed For 23M AML Violations 

November 20, 2019
Aussie banking giant Westpac was accused of violating anti-money laundering (AML) laws 23 million times, Reuters reported on Tuesday (Nov. 19). The country’s financial crime watchdog Australian Transaction Reports and Analysis Center (AUSTRAC) said Westpac ignored warning signs and allowed payments from convicted child sex offenders and from countries known as being high risk. The […]