Posted inAustraliaOceania

Westpac CEO resigns amid money-laundering scandal

Australian banking giant Westpac said Tuesday its beleaguered CEO Brian Hartzer was stepping down after regulators accused the bank of major breaches of money laundering laws involving more than US$7 billion. The bank is facing a potentially massive fine over claims that it failed to report millions of international fund transfers, including “high-risk transactions” to […]