Australia's Westpac Banking accused of 23 million money laundering breaches

The regulator is pursuing fines of up to A$21 million ($14 million) for every transaction Westpac failed to monitor adequately or report on time.

from World News & Analysis https://www.cnbc.com/2019/11/20/australias-westpac-accused-of-23-million-money-laundering-breaches.html