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Westpac hit with class action over banned car loan scheme
Class Actions 2020-07-16 10:35 pm By Cat Fredenburgh

Westpac has been hit with a class action over a “shonky” car loan scheme, in what is the first class to be filed in Victoria […]

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Westpac defends AUSTRAC disclosures in shareholder class action
Class Actions 2020-07-15 7:02 pm By Miklos Bolza

Westpac has denied claims in a shareholder class action filed in the wake of AUSTRAC proceedings alleging 23 million breaches of anti-money laundering and counter-terrorism […]

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Westpac faces class action over car loan ‘rort’
Class Actions 2020-07-14 7:59 pm By Alison Eveleigh

Westpac is facing a class action over an allegedly dishonest car loan scheme that was eventually banned by the corporate regulator. The proceedings, to be […]

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Westpac’s call for update on class action funding shot down by judge
Financial Services 2020-07-10 5:13 pm By Miklos Bolza

A judge on Friday dismissed Westpac’s bid for an update from litigation funder JustKapital as to whether it continues to financially back a class action […]

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Westpac owes $8M to underpaid workers
Employment 2020-07-03 11:35 pm By Cat Fredenburgh

Westpac has become the latest company to discover it shortchanged workers, announcing it will pay $8 million to around 8,000 current and former staff who […]

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Westpac could face more AUSTRAC claims as child exploitation scandal deepens
Financial Services 2020-06-12 10:04 pm By Cat Fredenburgh

Westpac is facing the possibility of more claims in proceedings brought by AUSTRAC over anti-money laundering breaches, with the regulator seeking information on 272 customers […]

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Former Beem It boss drops lawsuit against payments fintech, CBA
Employment 2020-06-12 12:49 pm By Christine Caulfield

The former CEO of Beem It has discontinued her legal claims against the payments fintech and its co-owner, Commonwealth Bank of Australia, only days after […]

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‘Sins of omission’: Westpac’s money laundering breaches not deliberate, report says
Financial Services 2020-06-04 8:53 pm By Miklos Bolza

The failings that led to enforcement action against Westpac over 23 million alleged breaches of financial crime laws were ones of omission, and not the […]

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Westpac admits money laundering breaches, lax monitoring of suspicious customers
Financial Services 2020-05-15 11:15 pm By Christine Caulfield

Westpac has admitted to millions of breaches of anti-money laundering and counter terrorism financing laws, and has told a court it did not adequately monitor […]

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One case prevails in battle over competing Westpac AUSTRAC class actions
Class Actions 2020-05-12 11:13 pm By Christine Caulfield

A contest of two competing shareholder class actions against Westpac over millions of alleged anti-money laundering breaches has ended with one law firm and its […]

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