Westpac is ordered to pay $1.3billion for breaching anti-money laundering rules

Westpac has agreed to pay a record $1.3billion fine for breaching anti-money laundering rules – and enabling the funding of child exploitation and potentially terror activities. Australia’s second biggest bank has told the Australian Securities Exchange it had reached an agreement with AUSTRAC, the federal government agency charged with tackling organised crime. Westpac has admitted … Read more