Maybe safer for you to just put your money in a bank account, then.
The way I see it is; Westpac had put $900 million aside for the fine, so the fine was increased to $1.3 Billion. If they had put $1.3 Billion aside, the fine might have been $1.7 Billion. Or maybe they could have put $500 Million aside and the fine might have been lower.
On the subject of the 23 Million breaches, I think a few commenters on here are making it obvious that they think this represents 23 Million criminal transfers. In fact it represents 23 Million reportable transactions, like mum's & dad's buying cars or investing in shares, and some (I would think a very small percentage) of those transactions were linked to criminal activity. So the headlines are a bit (or a lot) sensationalised . . . to sell papers.
I think the SP will start to rebound now that this sorry chapter is behind us.
Ann: Westpac and AUSTRAC reach agreement on AML/CTF proceedings, page-47
-
- There are more pages in this discussion • 29 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WBC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$31.80 |
Change
-0.540(1.67%) |
Mkt cap ! $109.5B | |||
| Open | High | Low | Value | Volume |
| $32.00 | $32.00 | $31.65 | $239.6M | 7.523M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 120044 | $31.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $31.86 | 15000 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| WBC (ASX) Chart |