Westpac, one of Australia's largest banks, hit with record $920 million penalty over money laundering scandal

Westpac, one of Australia's largest banks, hit with record $920 million penalty over money laundering scandal

Westpac, one of Australia's largest banks, hit with record $920 million penalty over money laundering scandal

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Westpac, one of Australia's largest banks, hit with record $920 million penalty over money laundering scandal

By Laura He, CNN Business Westpac, one of Australia's largest banks, has agreed to pay a record-breaking penalty of nearly $1 billion for systematically allowing money laundering on its watch.

 

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