Senate debates

Monday, 25 November 2019

Questions without Notice

Banking and Financial Services

2:32 pm

Photo of Marise PayneMarise Payne (NSW, Liberal Party, Minister for Foreign Affairs) Share this | Hansard source

If I recall correctly, what the Prime Minister said was that he was 'absolutely appalled' in relation to these actions. AUSTRAC has initiated civil penalty proceedings, in the Federal Court, against Westpac. AUSTRAC will allege systemic, serious noncompliance with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006. As you would expect, Mr President, this will be handled through the courts.

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