Dec 9 (Reuters) - Australia's Westpac Banking Corp WBC.AX said on Monday that a court had adjourned proceedings relating to alleged 23 million breaches of anti-money laundering laws by the lender to late February or early March next year.
A Federal Court had adjourned proceedings on the case, brought about by regulator AUSTRAC, to be further listed for a case management hearing next year, the lender said in a statement to the Australian stock exchange.
AUSTRAC is suing the country's No.2 bank for breaches of anti-money laundering laws, saying the banking giant ignored red flags and for years enabled payments from convicted child sex offenders and "high risk" countries.