March 13 (Reuters) - Westpac Banking Corp (WBC) said on Friday a class-action lawsuit was filed by certain shareholders who sought to recover damages relating to disclosure issues with its financial crime monitoring and a recent money-laundering scandal.
Australia's second largest lender said the shareholders had bought their stake in the firm during a six-year period between Dec. 16, 2013 and Nov. 19 last year.
Australian financial crime watchdog AUSTRAC sued Westpac in November last year, accusing it of 23 million breaches of anti-money laundering laws and facilitating payments between known child abusers.
Local law firm Johnson Winter & Slattery filed the lawsuit on behalf of purchasers of Westpac shares. The lender said the claim did not specify the amount of damages sought.
The lender was hit by a similar lawsuit in December by law firm Phi Finney McDonald.
News: WBC Australia's Westpac hit with class action lawsuit over financial crime disclosure
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Last
$39.01 |
Change
0.510(1.32%) |
Mkt cap ! $133.4B | |||
| Open | High | Low | Value | Volume |
| $38.50 | $39.01 | $38.45 | $131.0M | 3.371M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10127 | $39.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $39.02 | 500 | 1 |
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| Last trade - 16.11pm 28/08/2025 (20 minute delay) ? |
| WBC (ASX) Chart |