I agree entirely, the job of WBC was done by voluntary reporting...

I agree entirely, the job of WBC was done by voluntary reporting to AUSTRAC under agreed rules of the day. AUSTRAC did nothing, yet we’re well funded. It is not the role or within scope of a bank to discriminate bank customers under their ASIC license, or conduct forensic investigation of end use of money once it leaves customer accounts. Much is made of Customer 1 who served a custodial sentence. I think that nowhere in the world would laws permit discrimination and denial of banking to people who served sentences and discriminated against by banks. This is AUSTRAC beat up, sensationalist and if I could I would bring class actions against AUSTRAC for systemic failure resulting in my Westpac share losses that I suffer today and in the future by promoting their cause. I still hold Westpac and trust in Lindsay Maxted as Chairman and Brian Harzer. I will not be taking up the SPP retail offer given the uncertainty and fall in share price below offer price.