Australia’s Westpac Bank to Pay $80.6M in Penalties, Admits Charging Dead People

Westpac Banking Corp. agreed to pay A$113 million ($80.6 million) in penalties after the Australian regulator alleged the lender had widespread compliance failures that included charging dead people. The case includes a claim that Westpac charged more than A$10 million …

from News – Insurance Journal https://ift.tt/3lo0m3Z