Austrac have actually stated that they are focussing on this (the offshore work for AML).
They are cooking up something and WBC would be in the firing line as they are I believe have the biggest offshore footprint - if you call WBC, it will always be answered by onshore, but it can be transferred to offshore. A lot (if not all) of the processing work is conducted offshore.
So if there is another scandal that hits the WBC SP - its going to be this.
And I'll be waiting with a cash position
WBC Price at posting:
$31.86 Sentiment: Hold Disclosure: Held
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