June 4 (Reuters) - Australian lender Westpac Banking Corp (WBC) said on Thursday its millions of breaches of anti-money laundering and counter-terrorism laws were caused by "faults of omission" and not intentional wrongdoing.
Unclear accountabilities as well as a lack of understanding and expertise caused the compliance failures, the company said in a statement.
Last month, the country's second-largest bank had admitted to the charges but denied accusations it enabled illegal payments between known child sex offenders.
News: WBC Australia's Westpac unveils findings from compliance review
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 |