Westpac is facing fines of $100 million

Business

The nightmare for banks continues as Westpac posts massive profit drop

Westpac has added to the woeful year for banks after announcing a 66 per cent fall in profit to $2.29 billion.

Business

Costs continue to spiral at Westpac over money laundering scandal

Westpac’s money laundering debacle continues to haunt the company, which today announced another $1.2 billion hit to its profits.

Business

Crown shares plunge as Austrac probes money laundering

Crown Resorts’ shares plunged almost 10 per cent this morning after it revealed it was being investigated by AUSTRAC in relation to possible money laundering.

Business

Westpac cops record $1.3 billion fine for money laundering breaches

Westpac has agreed to pay a record $1.3 billion fine for breaches of money laundering and terrorism financing laws.

Insights

The Gold Coast jet-ski dealer who helps launder cash for arms dealers and drug cartels

Secret US Treasury documents have laid bare the incredible double life of a Gold Coast businessman who has turned a legal loophole into a river of tainted cash. ABC’s Elise Worthington, Alison McClymont and Mario Christodoulou investigate