APRA closes Westpac money laundering investigation, keeps $1B capital add-on
Financial Services 2021-03-12 9:11 pm | Sydney
APRA has closed its probe into Westpac after finding no evidence it breached anti-money laundering laws, but the regulator has maintained a requirement that the bank hold a minimum of $1 billion in capital to reflect its higher operational risk.
For information on rights and reprints, contact subscriptions@lawyerly.com.au