Corporate governance
Anti-money laundering and counter-terrorism financing
AML - Westpac Group policy
We aim to prevent, detect and not knowingly facilitate money laundering and terrorism financing. Westpac does this to protect the Group's reputation, to comply with relevant laws and to be a good corporate citizen.
AML - How we respond
New Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) laws were passed in Australia in December 2006. Westpac Group (including BT Group) has set up a company-wide, ongoing program of work to manage the changes we're making between now and March 2010, so we comply with the new AML/CTF laws.
AML - Customer identification
When opening your first Westpac bank account you are required under Australian law to provide a range of information and identification to enable us to establish your account.
AML - Certification
View our standard certification on anti-money laundering (AML) and counter terrorism-financing (CTF). This incorporates the Wolfsberg Questionnaire and USA Patriot Act certification.
