WBC westpac banking corporation

Westpac's $1,000,000,000 AUSTRAC Settlement?, page-118

  1. 41,754 Posts.
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    All the Big 4 banks would do well to stay away from risky customers such as newly arrived immigrants,

    Looking at news down in Australia, The immigration program is much maligned thru programs such as 60 Minutes, the flagship Channel 9 current affairs program pointed out the issues associated with banking certain visa holders, specifically skilled visas and student visas in a program late last year.

    Nick McKenzie did for 60 Minutes, SMH and The Age, with footage of banks and payment receipts and everything that made it obvious Australian were in fact banking these folk.

    Australian banks were mentioned specifically ANZ and the other Big 4 banks. Connections to immigration agents and organised crime. My understanding is Australian banks are not allowed to do that in Aaustralia.

    NZ might pursue it too. Who is banked especially foreign interests is topical in NZ as well.
    Last edited by JCoure: 13/02/23
 
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