APRA closes Westpac money laundering investigation, keeps $1B capital add-on

Article 2021-03-12 9:11 pm By Cindy Cameronne | Sydney

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APRA has closed its probe into Westpac after finding no evidence it breached anti-money laundering laws, but the regulator has maintained a requirement that the bank hold a minimum of $1 billion in capital to reflect its higher operational risk.

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