Westpac to pay A$1.3 billion for 23 million AML breaches
Westpac Group has reached a deal with the Australian Transaction Reports and Analysis Centre, or AUSTRAC, to settle 23 million alleged breaches of anti-money laundering laws by paying a A$1.3 billion penalty.The deal on Anti-Money Laundering and Countering Financing of Terrorism...
Lack of disclosure costs Kiwibank $5.2m
Kiwibank will pay $5.2 million back to about 48,000 of its borrowers as part of a settlement agreement with the Commerce Commission after the state-owned bank admitted it didn't have appropriate disclosure policies in place, and had failed to act as a responsible lender.In a...
CropLogic enters Deed of Company Arrangement
ASX-listed CropLogic, which appointed voluntary administrators last July, has entered a Deed of Company Arrangement.In February, the agri-tech company said it was reviewing its operations and financial situation due to a trial hemp farm crop failure, the drop in the CBD hemp pric...
Laybuy adds 69,000 customers in August
Freshly-listed ASX buy now, pay later company Laybuy has revealed it added 69,000 new customers from June 30 until the end of August.Laybuy, founded by the Rohloff family, told investors growth in July and August had been strong, also adding 580 new merchants in two months post l...
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