Published: November 20, 2019
Scott Morrison says bank’s board should reflect ‘very deeply’ on its response to legal action over Philippines transactions
Westpac’s chief executive, Brian Hartzer, is under increased pressure to resign over the bank’s alleged failure to stop its customers paying for overseas child exploitation after the prime minister, Scott Morrison, said he and the bank’s board should be reflecting on the issue “very deeply”.
On Wednesday Australia’s financial intelligence agency, Austrac, launched legal action accusing Westpac of 23m breaches of anti-money laundering and counter-terrorist finance laws involving $11bn in transactions.
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