Corporate Online Terms and Conditions update - 28 March 2022

Clause 15.9 under the previous title ‘Anti-Money Laundering, Counter-Terrorism Financing and Economic and Trade Sanctions Obligations’ has been updated including:
 

1. to explain that Westpac may delay or refuse or block access to Corporate Online including on the following grounds: 

• a transaction involves a payment to, from or through a Sanctioned Jurisdiction; 
• an account and/or Corporate Online is being used fraudulently or in a way that might cause a loss; and
• Corporate Online is being used or accessed in a Sanctioned Jurisdiction; and that Westpac may take the above measures for as long as Westpac reasonably needs to investigate the transactions and/or use of Corporate Online; and
   

2. to provide that a Corporate Online user will undertake not to initiate, engage in or effect a transaction that involves a payment to, from or through a Sanctioned Jurisdiction, and not to access or use Corporate Online in a Sanctioned Jurisdiction. Corporate Online users will indemnify Westpac against potential losses for breach of these undertakings.