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
$33.21 |
Change
0.180(0.54%) |
Mkt cap ! $113.6B | |||
| Open | High | Low | Value | Volume |
| $33.00 | $33.22 | $32.90 | $79.60M | 2.401M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 22775 | $33.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.22 | 11220 | 3 |
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| Last trade - 16.18pm 28/07/2025 (20 minute delay) ? |
| WBC (ASX) Chart |