Bank files its defence to an Austrac lawsuit that accuses it of more than 23m breaches of anti-money laundering laws
Westpac has admitted to breaking the law by failing to monitor whether a dozen customers were making transactions consistent with child exploitation.
The admission is contained in Westpac’s defence to a lawsuit brought by Australia’s financial intelligence agency, Austrac, in which the bank is accused of more than 23m breaches of anti-money laundering laws.
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