Westpac slugged with $113M in penalties in six ASIC cases

Financial Services 2022-04-22 3:02 pm By Christine Caulfield | Melbourne

A judge on Friday slugged Westpac with a $40 million penalty for charging advice fees to over 11,800 dead customers in the last of six cases brought by the corporate regulator, taking the total to be paid by the bank to $113 million.