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  • Westpac expects $900 million penalty for breaching money laundering laws

Westpac expects $900 million penalty for breaching money laundering laws

Westpac has revealed it will suffer a $1.4 billion hit to its first-half earnings.

by | 13 Apr, 2020

In a statement, Australia’s second-largest bank said the bulk of these writedowns were related to the AUSTRAC money laundering scandal.

Read more at the ABC. 

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