WBC 0.98% $27.90 westpac banking corporation

Ann: Update on AUSTRAC matter, page-7

  1. 287 Posts.
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    Westpac's problems relate to their monitoring system for financial transactions. It all sounds very dramatic and a good headline that there were 23 million breaches, but they all relate to the same issue, computer software problems. Incompetence on the part of management in not resolving the problem earlier yes, criminal offence, no.
 
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