Westpac set to pay record $912.6M civil penalty for AML failures


Westpac is bracing for a record AUD$1.3 billion (U.S. $912.6 million) civil penalty issued by Australia’s financial crime regulator related to a money-laundering scandal and the facilitation of child exploitation in the Philippines and Southeast Asia.

lock iconTHIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.