Amid a $1.7 bln capital call, Westpac has been thwacked by a regulator for 23 mln money-laundering violations. The country’s lenders already have been shamed, fined and punished in other ways. It’s unclear how to set them straight. ClaraDFMarques
AUSTRAC, Australia’s anti money-laundering and terrorism financing regulator, said on Nov. 20 that it had applied for civil penalty orders against Westpac relating to the bank’s failures to comply with anti-money laundering rules on over 23 million occasions.
Westpac, which flagged in its 2018 annual report that it had reported failings around international fund transfers to the regulator, said on Nov. 20 that it was reviewing the claim and working with AUSTRAC to resolve the matter. Australian Prime Minister Scott Morrison, commenting on the case, said the breaches should be taken “very seriously”, with the board “taking the appropriate decisions for the protection of people’s interests in Australia”.The bank announced on Nov. 4 that it would raise A$2.5 billion , through an underwritten share placement and a smaller sale to retail investors, which closes next month.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Goldman flags risks for Australia's Westpac bank amid money-laundering scandalGoldman Sachs cut its target price for Westpac Banking Corp on Friday as Austral...
Lire la suite »
Apple Canceled 'The Banker' Premiere Amid Sexual Abuse Claims Against Real-Life Subject's SonSince Nov. 5, Garrett Jr.’s credit has disappeared from publicity materials, further appearances have been canceled, and today Apple scrapped the film's Thursday night AFI Film Festival premiere
Lire la suite »
Amid turmoil, Prince Andrew to step back from royal dutiesPrince Andrew announces that he will step back from public duties because his ties to Jeffrey Epstein had become a “major disruption” to the royal family’s charitable work
Lire la suite »
Prince Andrew Steps Back from Public Duties Amid Epstein Scandal'I continue to unequivocally regret my ill-judged association with Jeffrey Epstein'
Lire la suite »
Amid impeachment drama, Senate helps Trump move U.S. courts to the rightAs the impeachment drama unfolds in the House, the Senate helps Trump move U.S. courts to the right This interactive illustrates the president's impact on the judiciary:
Lire la suite »
Democrats set to debate in Georgia amid abortion battleThe 2020 Democrats running for the presidential nominee are set to debate in Georgia amid a continuing legal battle over abortion in the state.
Lire la suite »