AUSTRAC, Westpac still locked in settlement negotiations, court hears

Allens 2020-03-30 9:51 pm By Alison Eveleigh | Sydney

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Westpac is still locked in mediation with AUSTRAC over allegations that it committed over 23 million breaches of anti-money laundering and counter-terrorism financing laws, with the bank’s hopes of moving to a penalty hearing in the early part of the year fading.

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