How is Westpac helping to bring the Olympics to Australia?
In partnership with the Australian Olympic Committee (AOC), Westpac will be bringing the Summer Games to Australians across the nation as the Presenting Partner of Olympics Live – a national program of live sites planned for major capital cities and regional areas where Australians can come together in a moment of celebration.Westpac helps to bring the Olympics to Australian ... www.westpac.com.au/about-westpac/media/media-releases/2020/26-february/
How much did Westpac pay for money laundering?
Photograph: Loren Elliott/Reuters Westpac has agreed to pay a record penalty of $1.3bn to settle legal action over money laundering and child exploitation allegations levelled against it by the financial intelligence agency, Austrac.Westpac to pay record $1.3bn fine after money laundering ... www.theguardian.com/australia-news/2020/sep/24/westpac-record-13bn-fine-money-laundering-and-child-exploitation-investigation
What was the fine for Westpac Bank in Australia?
Australian bank is accused of breaching laws more than 23m times including allowing customer transfers consistent with child exploitation Westpac pays record $1.3bn fine after legal action over money laundering and child exploitation was brought by financial intelligence agency Austrac. Photograph: Loren Elliott/ReutersWestpac to pay record $1.3bn fine after money laundering ... www.theguardian.com/australia-news/2020/sep/24/westpac-record-13bn-fine-money-laundering-and-child-exploitation-investigation
When did Westpac admit to breaking the law?
Westpac formally admitted it broke the law in May, opening the way to a settlement, although it still denied some of the allegations. And in July it said it may have committed an additional 450,000 breaches of the law. On Thursday, Westpac’s new chief executive, Peter King, issued the latest in a series of apologies made by the bank.Westpac to pay record $1.3bn fine after money laundering ... www.theguardian.com/australia-news/2020/sep/24/westpac-record-13bn-fine-money-laundering-and-child-exploitation-investigation