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Westpac to likely pay $110.5m for charging dead people, other breaches

November 30, 2021 12:09 PM

BENGALURU (REUTERS) – Westpac Banking Corp said on Tuesday (Nov 30) it will likely be fined A$113 million (S$110.5 million) for alleged compliance failures across its business over many years, including charging financial advice fees to thousands of dead customers.

Source : http://www.straitstimes.com/business/banking/westpac-to-likely-pay-1105m-for-charging-dead-people-other-breaches

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