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| | | ... Portfolio, which sees ASIC investigate the potential failings of Australia's six largest financial institutions: NAB, Westpac, CBA, ANZ, Macquarie and AMP. |
| | | | APRA has put Westpac on notice; warning the disgraced bank could face fines and disqualification of senior directors and executives as it considers whether to launch legal action. APRA chair Wayne Byres told a parliamentary hearing on Monday that the ... |
| | | | ... take enforcement action. Our enforcement appetite is working." Byres also told the committee that it is important, while Westpac is receiving a lot of negative attention, to not lose sight of other issues which are important for delivering a resilient ... |
| | | | ... governance following the Royal Commission. The question prompted the panel to discuss AUSTRAC's recent claim that Westpac breached anti-money laundering laws 23 million times. Thomas explained it was particularly disappointing for her and her clients ... |
| | | | ... robustness of their compliance measures. AFS licensees that are or were part of the AMP, ANZ, CBA, Macquarie, NAB and Westpac financial services groups were not included in the review. "This was because we were already looking at the conduct of these ... |
| | | | Westpac has opened the exit door for share purchase plan investors caught unaware by AUSTRAC's action against the bank. Following discussions with corporate regulator ASIC, Westpac has opted to provide a withdrawal option for applicants to its share ... |
| | | | ... Council of Superannuation Investors welcomed the announcement today that Brian Hartzer will step down as chief executive of Westpac. "The actions taken today reflect the seriousness of the incidents and the failure of the bank to meet community expectations. ... |
| | | | More woe for Westpac as ASIC confirms it has commenced an investigation into the bank following AUSTRAC's actions in relation to money laundering. An ASIC spokesperson told Financial Standard : "ASIC can confirm that it commenced an investigation ... |
| | | | Westpac chief executive Brian Hartzer has stepped down in the wake of AUSTRAC's investigation. Westpac today announced Hartzer will exit, with current chief financial officer Peter King taking over as acting chief executive from December 2. Hartzer ... |
| | | | ... financing laws. Announcing the bank's three-point response plan to the statement of claim launched by AUSTRAC last week, Westpac chair Lindsay Maxsted yesterday said the bank was determined to fix its issues and lift standards. As a result, the bank's ... |
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