Sept 24 (Reuters) - Westpac Banking Corp WBC.AX :
* WESTPAC AND AUSTRAC REACH AGREEMENT ON AML/CTF CIVIL PROCEEDINGS SUBJECT TO FEDERAL COURT APPROVAL
* UNDER AGREEMENT, PARTIES HAVE AGREED TO RECOMMEND TO COURT THAT WESTPAC PAY A CIVIL PENALTY OF $1.3 BILLION
* AS PART OF AGREEMENT, CO ADMITTED TO ADDITIONAL CONTRAVENTIONS OUTLINED IN AMENDED STATEMENT OF CLAIM, & WHICH CONTRIBUTE TO AGREED PENALTY
* AS PART OF AGREEMENT, WESTPAC ADMITTED TO ADDITIONAL CONTRAVENTIONS THAT ARE OUTLINED IN AMENDED STATEMENT OF CLAIM
* WILL INCREASE PROVISION IN ITS ACCOUNTS FOR YEAR ENDING 30 SEPTEMBER 2020 BY A FURTHER $404 MILLION