Westpac, Australian bank ignores child sex crimes

Westpac, one of Australia’s biggest banks has been accused of effectively funding pedophiles and terrorists, at the very least, ignoring there actions
www.financialstandard.com.au...

“Westpac is facing 23 million alleged breaches of anti-money laundering laws and counter terrorism laws.

AUSTRAC has applied to the Federal Court seeking civil penalty orders against Westpac relating to "systematic" non-compliance with the Anti Money Laundering and Counter Terrorism Act 2006 on over 23 million occasions.”

Some Australian Banks are basically criminals funding underworld syndicates, unregulated

www.news.com.au...

“Brian Hartzer said he was "utterly horrified" by accusations from AUSTRAC that Westpac had no due diligence around payments potentially funding child exploitation in Southeast Asia.”

The media are talking billion dollar fines, it’s early and breaking news, unravelling as I post this
Can Australia afford to allow one of its biggest banks to fall or will it be protected

Domino effect, super funds collapsing, financial market being hit as the stock markets main investment, banks are charged with criminal offences
Can’t imagine the ramifications here in Australia

a reply to: Raggedyman

When this leads back to Australian and then International intelligence agencies people will be rather.......

Upset

a reply to: dashen

It’s horrifying
Upset?

This could destroy Australian superannuation schemes
Never mind the damage to innocent children and families

Greed of the banks, money over humanity, exploitation

Children are being harmed? Looks like Australia needs to ban assault banks.