Article 4VXS9 Banks behaving badly: why Australia lags in policing its financial sector

Banks behaving badly: why Australia lags in policing its financial sector

by
Ben Butler
from on (#4VXS9)

The Westpac scandal highlights the problems Australian institutions have with detecting and reporting dodgy transactions

Westpac's money laundering and child exploitation crisis has rocked the bank and thrown harsh light on the behaviour of the rest of the financial services sector.

It's also raised questions about why Australia lags in enforcing rules about monitoring potentially dodgy transactions.

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