Westpac to likely pay $81 mln for charging dead people, other breaches

Westpac Banking Corp (WBC.AX) said on Tuesday it will likely be fined A$113 million ($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 […]

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