Australia’s Westpac Bank Apologizes for Money Laundering, Links to Child Abuse Funds

Westpac Banking Corp.’s board stood behind its management team on Friday, offering embattled chief executive Brian Hartzer some respite from mounting criticism over allegations of a breach of money-laundering laws, including failing to detect payments linked to child abuse. Chairman …

from News – Insurance Journal https://ift.tt/2OdxoDY