I dunno this reputation destroying. Like AMP. This may really hurt long term.
I don’t think the market has priced this in.
I wonder if WBC will ask the shareholders to pay the fine through a CR?
Fining the business at the end of the day is an absolute rubbish outcome and AUSTRAC have cemented themselves as a totally useless regulatory agency.
This fine will hit the shareholders the hardest, people that really had nothing to do with it. If AUSTRAC wanted to make a difference they’d go after the board and the ones who engaged in the untoward behaviour.
So congratulations AUSTRAC job well done, you’ve really taught them a lesson.
Ann: Westpac and AUSTRAC reach agreement on AML/CTF proceedings, page-16
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Last
$34.20 |
Change
-0.375(1.08%) |
Mkt cap ! $116.9B | |||
| Open | High | Low | Value | Volume |
| $34.70 | $34.85 | $34.16 | $64.14M | 1.863M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1048 | $34.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $34.20 | 1255 | 11 |
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| Last trade - 14.49pm 27/06/2025 (20 minute delay) ? |
| WBC (ASX) Chart |