WBC westpac banking corporation

Westpac’s Brian Hartzer in hot water following anti-terrorism law breaches

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    • The pressure is on for Westpac Chief Executive Brian Hartzer after a whirlwind week of breaches and human rights concerns
    • The company, under allegations from the Australian Transaction Reports and Analysis Centre, has breached 23 million anti-terrorism and money laundering laws
    • Most shocking cases show transactions in South East Asia under the bank were used for sexual child exploitation and human trafficking
    • Those most concerned over the human rights issues are not letting CEO Brian Hartzer slink away too easily
    • In theory, charges on the bank could reach a maximum of $400 trillion — although unlikely
    • Precedent tells us anything above $700 million is likely, though

    Click here for the entire article on The Market Herald
 
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