Westpac penalised $113 million after multiple ASIC legal actions
The Federal Court has ordered Westpac to pay penalties in the amount of $113 million for widespread compliance failures across multiple businesses, including Westpac’s banking, superannuation, wealth management and insurance brands. Justice Beach today handed down his decision in the last of six separate civil penalty proceedings filed by ASIC against Westpac in November 2021 …
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