According to the reports from the government Westpac has just had minor administrative problems !
In other words the government will sweep it all under the rug even though they know it is rampant throughout the world, they do not intend to do anything about it.
Frydenberg and Dutton say it will not cause any concern and don't worry
“Money laundering is a globalised industry and if you operate on a domestic basis you might as well not bother,” said Tom Keatinge, the director of the centre for financial crime and security studies at the Royal United Services Institute. A former investment banker, Keatinge worked at JP Morgan for 20 years before turning his attention to combating fraud. “The borders are immaterial to you when you are structuring these transactions, whereas the borders are not immaterial for the cops who are trying to chase you.”
The laws are not a problem for any big business as they are immune
Laws and the police are there for the sole reason to keep the opulence under control
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