🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

BRIEF-Westpac Says Appeared In Court For Hearing On Proceedings Commenced By AUSTRAC

Published 09/12/2019, 07:44 pm
Updated 09/12/2019, 07:49 pm
© Reuters.  BRIEF-Westpac Says Appeared In Court For Hearing On Proceedings Commenced By AUSTRAC
WBC
-

Dec 9 (Reuters) - Westpac Banking Corp WBC.AX :

* UPDATES ON AUSTRAC MATTER

* CO AND AUSTRAC APPEARED IN FEDERAL COURT FOR A CASE MANAGEMENT HEARING IN RELATION TO PROCEEDINGS COMMENCED BY AUSTRAC ON 20 NOVEMBER 2019

* NEEDS TO HAVE SYSTEMS AND CONTROLS IN PLACE TO PREVENT ITS SERVICES BEING EXPLOITED FOR FINANCIAL AND OTHER SERIOUS CRIME

* COURT ADJOURNED MATTER TO BE FURTHER LISTED FOR A CASE MANAGEMENT HEARING IN LATE FEBRUARY OR EARLY MARCH 2020

* IS IMPLEMENTING ITS RESPONSE PLAN

* DETERMINED TO LIFT ITS STANDARDS AND ENSURE ITS ANTI-MONEY LAUNDERING AND OTHER FINANCIAL CRIME PROCESSES MEET ITS OBLIGATIONS

* MADE NUMBER OF CHANGES TO ITS TRANSACTION MONITORING, CONTINUING TO REVIEW PROCESSES & REPORT TO AUSTRAC OF SUSPICIOUS MATTERS IDENTIFIED

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.