It's not only Westpac. What's behind the biggest fine in Australian corporate history
- Written by Thomas Clarke, Professor, UTS Business, University of Technology Sydney
Marlon Trottmann/ShutterstockWestpac is to pay A$1.3 billion, by far Australia’s biggest-ever corporate fine for breaches of the Anti-Money Laundering and Counter-Terrorism Financing Act.
The 93-page statement of agreed facts and admissions prepared by Westpac and the Australian Transaction Reports and Analysis Centre (AUSTRAC) says Westpac...
Read more: It's not only Westpac. What's behind the biggest fine in Australian corporate history
