WBC westpac banking corporation

Westpac's $1,000,000,000 AUSTRAC Settlement?, page-198

  1. 41,927 Posts.
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    Crown is asking Justice Michael Lee to give orders for Crown not to pay interest in its fine to AUSTRAC.

    AUSTRAC penalties will become higher regardless of whether interest is paid.

    Banks might not like the idea of foregoing interest.

    Money laundering is making Australian banks look really high risk IMHO.
 
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