Most Recent
APRA ‘actively considering’ next steps against Westpac in wake of AUSTRAC lawsuit
Financial Services 2019-12-02 5:06 pm By Miklos Bolza

APRA’s chairman has told Parliament that the regulator is “actively considering” what action it should take against Westpac in light of recent allegations by AUSTRAC […]

Subscribe for instant access to all Lawyerly content.

Already a subscriber?

Lost your password?

Want to test drive Lawyerly? Contact us to take a free trial.

With class actions likely, Westpac gives share purchasers a way out
Financial Services 2019-11-28 11:34 pm By Cat Fredenburgh

Embattled banking giant Westpac may be seeking to limit its potential liability in any shareholder class actions it may face in the wake of AUSTRAC’s […]

Subscribe for instant access to all Lawyerly content.

Already a subscriber?

Lost your password?

Want to test drive Lawyerly? Contact us to take a free trial.

‘No issues to date’: ANZ calms shareholders’ AUSTRAC fears
Financial Services 2019-11-27 2:32 pm By Hannah Gee

Amid the money-laundering scandal engulfing Westpac, ANZ has sought to quell investor fears that the bank has no skeletons in its own closet, releasing a […]

Subscribe for instant access to all Lawyerly content.

Already a subscriber?

Lost your password?

Want to test drive Lawyerly? Contact us to take a free trial.

Dentons defends Afterpay money laundering advice
Financial Services 2019-11-26 5:30 pm By Cat Fredenburgh

Dentons is standing by the legal advice it gave to Afterpay regarding its compliance with anti-money laundering laws, after an independent auditor found the buy […]

Subscribe for instant access to all Lawyerly content.

Already a subscriber?

Lost your password?

Want to test drive Lawyerly? Contact us to take a free trial.

Westpac CEO steps down following AUSTRAC lawsuit
AUSTRAC 2019-11-26 11:59 am By Miklos Bolza

Westpac CEO Brian Hartzer has stepped down after admitting he was “ultimately accountable” for failures detailed in an AUSTRAC lawsuit alleging over 23 million breaches […]

Subscribe for instant access to all Lawyerly content.

Already a subscriber?

Lost your password?

Want to test drive Lawyerly? Contact us to take a free trial.

Top tier law firms gave Afterpay bad advice on anti-money laundering compliance, auditor says
Financial Services 2019-11-25 10:24 pm By Cat Fredenburgh

Buy now, pay later giant Afterpay got bad legal advice from “top tier Australian law firms” on its anti-money laundering compliance, an auditor’s report has […]

Subscribe for instant access to all Lawyerly content.

Already a subscriber?

Lost your password?

Want to test drive Lawyerly? Contact us to take a free trial.

AUSTRAC sues Westpac for ‘systemic’ money laundering failures
Financial Services 2019-11-20 10:30 am By Cat Fredenburgh

Westpac has been hit with a lawsuit by AUSTRAC for its alleged “systemic” failure to comply with anti-money laundering and counter terrorism finance laws. The […]

Subscribe for instant access to all Lawyerly content.

Already a subscriber?

Lost your password?

Want to test drive Lawyerly? Contact us to take a free trial.