RECORD-BREAKING FINE: Westpac settles AUSTRAC case for $1.3B

Westpac has agreed to pay a record-breaking $1.3 billion penalty for breaching anti-money laundering laws and for failing to stop child exploitation payments.

The fine is now the largest in Australian corporate history.

Westpac has released a statement apologising for the banks failings and committing to fixing the issues and ensuring they do not happen again.

Видео RECORD-BREAKING FINE: Westpac settles AUSTRAC case for $1.3B канала Sky News Australia