Westpac’s $1.3b fine raises question of what banks learned from the royal commission | ABC News

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ABC News (Australia) published this video item, entitled “Westpac’s $1.3b fine raises question of what banks learned from the royal commission | ABC News” – below is their description.

Westpac has reached a deal with financial crime watchdog AUSTRAC to settle more than 23 million alleged breaches of anti-money laundering laws by paying a record $1.3 billion penalty. Subscribe: http://ab.co/1svxLVE

ABC News (Australia) YouTube Channel

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About This Source - ABC News (Australia)

The video item below is from ABC News (Australia). ABC News is a public news service in Australia produced by the News and Current Affairs division of the Australian Broadcasting Corporation.

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Westpac Banking Corporation (ASX: WBC), known simply as Westpac, is an Australian bank and financial services provider headquartered in Sydney, Australia. Established in 1817 as the Bank of New South Wales, it acquired the Commercial Bank of Australia in 1982 before being renamed shortly afterwards.

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