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Westpac CEO steps down following AUSTRAC lawsuit
AUSTRAC 2019-11-26 11:59 am By Miklos Bolza Sydney

Westpac CEO Brian Hartzer has stepped down after admitting he was “ultimately accountable” for failures detailed in an AUSTRAC lawsuit alleging over 23 million breaches of anti-money laundering and counter-terrorism financing laws.

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Top tier law firms gave Afterpay bad advice on anti-money laundering compliance, auditor says
AUSTRAC 2019-11-25 10:24 pm By Cat Fredenburgh Melbourne

Buy now, pay later giant Afterpay got bad legal advice from “top tier Australian law firms” on its anti-money laundering compliance, an auditor’s report has found.

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AUSTRAC sues Westpac for ‘systemic’ money laundering failures
AUSTRAC 2019-11-20 10:30 am By Cat Fredenburgh Melbourne

Westpac has been hit with a lawsuit by AUSTRAC for its alleged “systemic” failure to comply with anti-money laundering and counter terrorism finance laws.

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