SYDNEY: Pressure has mounted on the chief executive of Westpac Banking Corp over the handling of Australia’s biggest money laundering scandal, with the prime minister saying the bank’s board should reflect deeply on Brian Hartzer’s position.
Australian regulator AUSTRAC is suing the country’s No.2 bank for 23 million breaches of anti-money laundering laws including a failure to monitor and report payments between known child exploiters.
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