Westpac bank ‘breached anti-money laundering laws’

Westpac bank ‘breached anti-money laundering laws’

Westpac, the country’s second largest bank,

said the issues “should never have occurred”.

It is the second top Australian bank to face huge fines for breaching the laws.

Most of the breaches

concern a failure to report international transfers to Austrac in a timely manner.

BBC News

https://www.bbc.com/news/business-50483398