@madamswer I am not gaslighting you. You said yourself you followed all of this closely. So you were aware of those failures and are clearly comfortable with that failure rate.
As for your half a year training, every financial institution is enforced to undertake anti-money laundering/terrorism and other compliance courses. The policies and requirements have been statutory for years. Its not like Westpac is proactive. They are invariably outsourced and some crappy interactive multiple choice, easy quiz style format that an intelligent 12 year old could get right. If management don't act on the resulting staff reports and concerns, they are worthless and Westpac management was shown by AUSTRAC to have not acted. I hope for your sake you never have to whistle blow, because I have seen more than one whistle-blower get quickly quashed and not long afterwards moves sideways and their careers effectively cease. Happened to me in an international bank simply for backing a whistleblower, though I can never prove it.
I give up with you. 23 million breaches! International money transfers with little monitoring or reporting from and to Iraq, Lebanon, Ukraine, Zimbabwe and Democratic Republic of Congo amongst others.
This crappy debate all started because you refused to even admit Westpac had done wrong:
"those allegations are true (which they might be, I don't know)"
Westpac itself admitted it broke the law for crying out loud, what more proof do you need?
You keep justifying the behaviour as acceptable because Westpac has "hundreds of millions of transactions" and such errors are therefore "statistically meaningless". Tell that to the 262 child exploitation transfers that should have been picked up amongst the 23 million others if Westpac management had correctly monitored, reported and followed up as AUSTRAC so easily did despite being outside of the bank. If a regulator can pick them up, so clearly can the bank - suggest you read up on 'regulatory arbitrage' in banking and finance.
Again you clearly didn't follow any of this that closely as you would know amongst AUSTRAC reports were the examples of many staff reporting such behaviour for years to the deaf ears of management You would also note the AUSTRAC advised Westpac of the transactions in 2016 and they didn't put adequate provisions in place to monitor until 2018!!
Now Westpac is up on a charge again, this time ASIC for insider trading. Yes Westpac is an absolute model of morality and its whistleblower policy clearly working soundly if possibly one of the most inept (and beaten down regulators from passed failed cases) like ASIC is bringing up insider trading charges.
(20min delay)