Legal breaches allowed Westpac customers to pay for child sexual abuse undetected, Austrac alleges

Agency alleges Westpac failed to monitor 12 customers who made transactions consistent with child exploitation typologiesWestpac’s failure to obey anti-money laundering and counter-terror finance laws allowed a customer to make payments to a person in the Philippines who was later arrested for child sex trafficking and livestreaming child sexual abuse, the financial intelligence agency alleges.The allegation is just one of more than 23 million breaches of the law – involving more tha