Dec 9 (Reuters) - Australia's Westpac Banking Corp (WBC) said on Monday that a court had adjourned proceedings relating to alleged 23 million breaches of anti-money laundering laws by the lender to late February or early March next year.
A Federal Court had adjourned proceedings on the case, brought about by regulator AUSTRAC, to be further listed for a case management hearing next year, the lender said in a statement to the Australian stock exchange.
AUSTRAC is suing the country's No.2 bank for breaches of anti-money laundering laws, saying the banking giant ignored red flags and for years enabled payments from convicted child sex offenders and "high risk" countries.
Dec 9 (Reuters) - Australia's Westpac Banking Corp (WBC) said...
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Last
$34.15 |
Change
0.490(1.46%) |
Mkt cap ! $116.8B | |||
| Open | High | Low | Value | Volume |
| $33.89 | $34.23 | $33.71 | $56.28M | 1.653M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 2379 | $34.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $34.16 | 5032 | 13 |
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| Last trade - 15.04pm 11/08/2025 (20 minute delay) ? |
| WBC (ASX) Chart |