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(Reuters) - An Australian court ordered Westpac Banking Corp to pay A$113 million ($82.92 million) in penalties for multiple compliance failures across its businesses, after hearing the last of the six cases filed against it by the country's corporate watchdog.
The Federal Court fined Westpac A$40 million for one of the six cases, related to charging advice fees to over 11,800 deceased customers in the latest hearing, the Australian Securities and Investments Commission (ASIC) said on Friday. I...
>>> Read more: Australian lender Westpac fined A$113 million for multiple compliance breaches
The Federal Court fined Westpac A$40 million for one of the six cases, related to charging advice fees to over 11,800 deceased customers in the latest hearing, the Australian Securities and Investments Commission (ASIC) said on Friday. I...
>>> Read more: Australian lender Westpac fined A$113 million for multiple compliance breaches
