Details, Fiction and Peter Cornwell Head of Stress Testing Westpac



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“We have to also glance to the long run for one of the simplest ways for Westpac to satisfy the difficulties ahead. We're going to have to be rapidly, agile and attentive to shopper and Group needs.

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Westpac states it has fallen target to an "elaborate fraud" which Price tag the lender in excess of $290 million.

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AUSTRAC launches civil proceedings versus Westpac for breaches in the Anti-Revenue Laundering and Counter-Terrorism Financing Act 2006. Westpac publicly releases its reaction program like speedy fixes to address challenges elevated, initiatives to elevate benchmarks across its money criminal offense methods and procedures and investments to decrease the human effects of financial criminal offense.

“At my age, I have been around a while now And that i am significantly less not comfortable with All those kinds of revelations than I used to be,” Cornwell instructed Reuters inside of a phone job interview.

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Back again in May well, among Westpac's shoppers identified "an anomaly" in a very lease arrangement with their (The client's) title on it.

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