APRA ‘actively considering’ next steps against Westpac in wake of AUSTRAC lawsuit

APRA 2019-12-02 5:06 pm By Miklos Bolza | Sydney

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APRA’s chairman has told Parliament that the regulator is “actively considering” what action it should take against Westpac in light of recent allegations by AUSTRAC that the bank breached anti-money laundering laws on 23 million occasions.

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