Westpac's chief executive has stepped down and its Chairman is taking an early retirement. It follows AUSTRAC allegations that Westpac committed 23 million breaches of money laundering and terrorism financing laws and it is seeking penalties.
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WESTPAC heads roll as bank pledges change
Westpac's chief executive has stepped down and its Chairman is taking an early retirement. It follows AUSTRAC allegations that Westpac committed 23 million breaches of money laundering and terrorism financing laws and it is seeking penalties.
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By Ricardo Gonçalves
Presented by Margarita Vasileva
Source: SBS
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