"Lawsuit filed for Investors in shares of Westpac Banking Corporation (NYSE: WBK)..."
"The plaintiff claims that between November 11, 2015 and November 19, 2019, the defendants made false and/or misleading statements and/or failed to disclose that contrary to Australian law, the Company failed to report over 19.5 million international funds transfer instructions to AUSTRAC, Australia's anti money-laundering and terrorism financing regulator, that the Company did not appropriately monitor and assess the ongoing money laundering and terrorism financing risks associated with movement of money into and out of Australia,
"Shares of Westpac Banking Corporation (NYSE: WBK) declined from 20.56 per share on September 12, 2019 to as low as $16.31 per share on November 26, 2019."
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