Westpac defends AUSTRAC disclosures in shareholder class action

AUSTRAC 2020-07-15 7:02 pm By Miklos Bolza | Sydney

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Westpac has denied claims in a shareholder class action filed in the wake of AUSTRAC proceedings alleging 23 million breaches of anti-money laundering and counter-terrorism finance laws, saying the information the class action says it should have disclosed to shareholders “did not exist”.

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