Skip to main content Skip to main navigation
Skip to access and inclusion page Skip to search input

Media releases

Westpac and AUSTRAC agreement approved by Federal Court

21 October 2020

Westpac acknowledges today’s approval by the Federal Court of the agreement between Westpac and AUSTRAC to resolve the civil proceedings commenced by AUSTRAC in the Federal Court of Australia on 20 November 2019.

As noted in an ASX statement by Westpac on 24 September 2020, Westpac will pay a civil penalty of $1.3 billion in relation to admitted contraventions of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006. 


For further information:

David Lording

Group Head of Media Relations

0419 683 411

Andrew Bowden

Head of Investor Relations

0438 284 863