CEO of Australia’s Westpac exits over money laundering scandal

CEO of Australia’s Westpac exits over money laundering scandal

CEO of Australia’s Westpac Banking stepped down on Tuesday over a money laundering scandal involving child exploitation. This comes a day after he told staff it was ’not a major issue’ and that he intended to stay on. Regulator AUSTRAC last week launched legal action accusing Westpac of enabling 23 million payments in breach of AML laws.

Simone
Simone
Miles O'Brien
Miles O'Brien 7 months

All financial institutions are corrupt.

Tin Ego
Tin Ego 7 months

That’s funny that’s the Australian bank that our New Zealand government insists on using over its own home grown ones

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