Westpac, one of Australia’s largest banks, hit with record $920 million penalty over money laundering scandal

The company announced Thursday that it has agreed to the 1.3 billion Australian dollar ($920 million) fine with AUSTRAC, a regulator in Australia that fights financial crime. Westpac also admitted…

Continue ReadingWestpac, one of Australia’s largest banks, hit with record $920 million penalty over money laundering scandal