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SECOND LARGEST AUSTRALIAN BANK FINED FOR FAILING TO REPORT 19 MILLION OVERSEAS TRANSACTIONS

Published On 28 Sep 2020 06:42 PM


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HIGHLIGHTS

  • Australia's Westpac bank has haggled to pay a record A$1.3bn (£0.7bn; $0.9bn) fine for the country's greatest breach in tax evasion laws.

A year ago, Australia's budgetary wrongdoing guard dog said the bank had neglected to satisfactorily report more than 19 million global exchanges.

A few installments were possibly connected to kid abuse, authorities s....


Tags : AUSTRALIA, WESTPAC, BANK, FINED, ILLEGAL, TRANSACTION,
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