An internal report outlining compliance failures by Australia-based financial institution Westpac that led to 23 million breaches of the country’s money laundering and terrorism financing laws concluded “a mix of technology and human error” were to blame.
Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:... More by Aaron Nicodemus
