Westpac faces $100M penalty in six ASIC cases over 'widespread failures'

Westpac faces $100M penalty in six ASIC cases over ‘widespread failures’

Financial Services 2021-11-30 9:10 am By Christine Caulfield | Melbourne

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Banking giant Westpac has admitted to allegations in six new cases by the Australian Securities and Investments Commission alleging widespread compliance failures across multiple businesses, and will agree to pay a combined $100 million penalty.

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