Australian lender Westpac Banking Corp said on Thursday it would let investors w...
FILE PHOTO: A pedestrian looks at his phone as he walks past a logo for Australia's Westpac Banking Corp located outside a branch in central Sydney, Australia, November 5, 2018. REUTERS/David Gray/File Photo
The decision was taken after discussions with Australian Securities and Investments Commission , Wesptac said, adding that eligible applicants could withdraw their applications by Dec. 6. The country’s oldest bank faces a lawsuit from AUSTRAC, accusing it of enabling 23 million payments in breach of money laundering laws, including between known child exploiters.
The corporate watchdog has not specified any particular law or focus of that investigation, the spokesman said.
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