The Westpac scandal
WATCH THE WEBINAR REPLAY
In 2020, Westpac was slapped with a whopping A$1.3 billion fine for over 23 million breaches of Australia’s anti-money laundering and counter-terrorism financing laws. How could such a colossal failure happen at one of Australia’s most trusted financial institutions?
Watch a replay of this webinar hosted by Stephen Platt, RiskScreen founder, and one of the world's leading experts on money laundering & financial crime, to examine the internal failures that led to this scandal at Australia's second-largest bank.
- Exactly what went wrong at Westpac – point by point
- How you can prevent your organization from making the same mistakes
- How people, processes, and technologies contribute to both success and failure in compliance
This webinar follows the root cause analysis into the bank's issues published in the Summer of 2021.