March 13 (Reuters) - Westpac Banking Corp (WBC) said on Friday a class-action lawsuit was filed by certain shareholders who sought to recover damages relating to disclosure issues with its financial crime monitoring and a recent money-laundering scandal.
Australia's second largest lender said the shareholders had bought their stake in the firm during a six-year period between Dec. 16, 2013 and Nov. 19 last year.
Australian financial crime watchdog AUSTRAC sued Westpac in November last year, accusing it of 23 million breaches of anti-money laundering laws and facilitating payments between known child abusers.
Local law firm Johnson Winter & Slattery filed the lawsuit on behalf of purchasers of Westpac shares. The lender said the claim did not specify the amount of damages sought.
The lender was hit by a similar lawsuit in December by law firm Phi Finney McDonald.
March 13 (Reuters) - Westpac Banking Corp (WBC) said on Friday...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$33.72 |
Change
0.530(1.60%) |
Mkt cap ! $115.3B | |||
| Open | High | Low | Value | Volume |
| $33.13 | $33.76 | $33.00 | $130.5M | 3.883M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $33.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.74 | 326 | 1 |
View Market Depth
| Last trade - 16.10pm 30/07/2025 (20 minute delay) ? |
| WBC (ASX) Chart |