Sunday 8 December 2019
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wn.com - 19 days ago

Westpac accused of more than 23m breaches of anti-money laundering laws

Australia’s financial intelligence agency has launched legal action against one of the country’s biggest banks, Westpac, accusing it of more than 23m breaches of anti-money laundering and counter-terrorism finance laws involving $11bn in transactions. In a statement filed with the federal court, Austrac said Westpac had failed to “carry out appropriate due diligence on customers sending money to...


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