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Westpac accused of breaching money laundering and counter-terror laws

AUSTRAC CEO Nicole Rose speaks during a press conference at Parliament House in Canberra, Wednesday, November 20, 2019. (AAP Image/Lukas Coch) NO ARCHIVING
AUSTRAC CEO Nicole Rose Source: AAP

Westpac has been accused of breaching Australia's money laundering and counter-terror laws, with some of the allegations relating to child exploitation.


Published

By Abbie O’Brien

Presented by Bertrand Tungandame

Source: SBS



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Westpac has been accused of breaching Australia's money laundering and counter-terror laws, with some of the allegations relating to child exploitation.


AUSTRAC, the country's financial intelligence agency says the bank failed to report 11 billion dollars in overseas transactions.


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