'People have a right to be very concerned' about alleged Westpac breach | Sky News Australia

Labor Senator Deb O’Neil says “people have a right to be very concerned” about Westpac allegedly breaching Australia’s anti-money laundering and counter terrorism finance laws.

20.11.2019

Labor Senator Deb O’Neil says “people have a right to be very concerned” about Westpac allegedly breaching Australia’s anti-money laundering and counter terrorism finance laws.

Labor Senator Deb O’Neil says “people have a right to be very concerned” about Westpac allegedly breaching Australia’s anti-money laundering and counter terrorism finance laws.\n\nMs O’Neil told Sky News “to [allegedly] break the law on 23 million occasions is simply outrageous”, because Australia “was at a period of time where we were hoping to be rebuilding trust in our major institutions”. \n\nFinancial intelligence agency Austrac launched legal action against the bank on Tuesday alleging systemic non-compliance. \n\n“It’s okay to make a profit, but you have to put the systems in place to comply with the law,” she said. \n\n

Labor Senator Deb O’Neil says “people have a right to be very concerned” about Westpac allegedly breaching Australia’s anti-money laundering and counter terrorism finance laws. Ms O’Neil told Sky News “to [allegedly] break the law on 23 million occasions is simply outrageous”, because Australia “was at a period of time where we were hoping to be rebuilding trust in our major institutions”. Financial intelligence agency Austrac launched legal action against the bank on Tuesday alleging systemic non-compliance. “It’s okay to make a profit, but you have to put the systems in place to comply with the law,” she said.

Read more: Sky News Australia

people/stakeholders also have a right to be even more concerned about rationale behind some very dubious 'climate' measures. ‘Concerned’? How about OUTRAGED! It is about time some of these white collar executives faced serious criminal charges for systemic illegalities with gaol time as a possible outcome. Currently it’s only customers & clients who suffer the repercussions of their actions. Westpac

Watchdog targets Westpac over 'deficient' anti-money laundering oversightWestpac is being pursued by the financial crime watchdog for apparent breaches of money laundering laws. Westpac closes accounts for nothing more than expressing opinions that challenge the establishment. Why haven't you reported on this at all? Whose laundry is this? 'Not ours' said Westpac, 'we're minding it for a friend.' They declared. Woke westpac are awake now

Westpac accused of 23 million breaches by money laundering watchdogBreaking: Financial intelligence agency Austrac has launched legal action against Westpac for large-scale breaches of anti-money laundering and counter terrorism financing laws The transfers amounted to $11 billion and related to money coming in and out of Australia, mainly to the Philippines and south-east Asia.Some to related to potential child exploitation risk. Shame on them. At least CBA pleaded guilty. Westpac and it high moral ground . Ressesion is coming fast About time. CBA must be sniggering... bye bye Brian Hartzer CEO of Wetpatch.. outsiders

Westpac accused of breaching money laundering, counter terror lawsWestpac is being pursued by the financial crime watchdog for apparent breaches of money laundering laws. ALSO look at BEN CAMERON SALMON. An inquiry worth investigating. Unfortunately nothing ever happens to banks due to their wealth it will just be loud music to make a head line! I will be very surprised if any bank employees go to jail!

Australia should still be ‘seriously concerned’ about China | Sky News AustraliaFormer prime minister Paul Keating has accused the media of stirring up “hysteria” in its reporting of the rise of China, but Sky News host Chris Kenny believes there is “much to be concerned about” when it comes to the Asian powerhouse.\n\nMr Kenny said Australia “should always be calm” in its foreign affairs, but said the idea that some people are being hysterical “tends to suggest that there’s nothing to worry about here”. He would say that because he thinks Australia should be governed China-style... socialism is good... communism is even better Neville Chamberlain held similar beliefs back in the '30s. Chris Kenny or Paul Keating?

‘Pure propaganda’: Medevac supporters lash leak of asylum seeker’s medical historyThe leaking of medical records belonging to an asylum seeker transferred to Australia for treatment has been labelled as a propaganda attempt “devoid of facts”. auspol drkerrynphelps 👏👏👏 So it’s not true albeit you accept it was leaked? wabofw It raisesvery serious question about the leaking of confidential medical information (regardless the nature of the medical condition) by someone who had access to that information. The Minister must refer the matter to the AFP because there’s a leaker in his office or department

Concerns NSW bushfires could link up in coming days | Sky News AustraliaThere are growing concerns several fires burning out of control in New South Wales could join up in coming days. \n\nResidents are being told to remain vigilant as more than 50 fires continue to burn in New South Wales and difficult weather conditions pose greater threats. \n\nThe NSW Government announced it would commit $25 million to support the bushfire clean-up process. \n\nImage: News Corp Australia nobby15 Get the ROC onto them, can't have bloody fires unionising and banding together!

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