westpac-to-likely-pay-$81-million-for-allegedly-charging-dead-people,-among-other-breaches

Westpac to likely pay $81 million for allegedly charging dead people, among other breaches

Westpac said on Tuesday it will likely be fined 113 million Australian dollars ($80.8 million) for alleged compliance failures across its business over many years, including charging financial advice fees to thousands of dead customers.Australia’s No. 3 lender admitted to six civil penalty proceedings filed by the country’s securities regulator, including allegations against its banking,…

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