WBC westpac banking corporation

Austrac fines, page-8

  1. 1,464 Posts.
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    Presumably the business that wasn't reported to AUSTRAC was profitable for Westpac and may have led to increased
    bonuses to various levels of management.For a start those bonuses should be repaid.Quite amazing the level of salaries
    paid to these cowboy and cowgirl managers especially in view of the performance.CBA was fined 700 million which was above
    CBA's expectations.It seems WBC can expect a higher fine-does this mean that most of the current capital raising will go in payment of fines?
 
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