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Credit Suisse & AXA: Launch digital bancassurance services

CSX Credit Suisse's digital banking offering that enables clients to carry out their day-to-day banking transactions simply, quickly Credit Suisse launching integrated bancassurance solutions...

Latest Posts

Redflow: Completed its capital raise

Battery manufacturer Redflow (RFX) has finally completed its capital raise, walking away with $6.9 million in additional funds The company first announced it...

Credit Suisse & AXA: Launch digital bancassurance services

CSX Credit Suisse's digital banking offering that enables clients to carry out their day-to-day banking transactions simply, quickly Credit Suisse launching integrated bancassurance solutions...

Family Zone: Raises $22M for business expansion

Cybersecurity company Family Zone (FZO) is planning to raise up to $22 million through a placement and share purchase plan While it has...

Austal: Buys BSE Maritime Group for $27.5M

Global shipbuilder Austal (ASB) has signed to buy ship repairers BSE Maritime Group for $27.5 million The purchase is in line with Austal's...

Westpac: Fined $1.3bn to settle AUSTRAC case

  • Westpac Banking Corporation (WBC) has agreed to pay $1.3 billion to settle its case with AUSTRAC
  • If the Federal Court of Australia considers the penalty appropriate, it will be the largest-ever civil penalty in the country’s history
  • Last year, AUSTRAC accused the banking giant of breaching anti-money laundering and counter-terrorism financing laws more than 23 million times
  • Westpac and AUSTRAC have filed a Statement of Agreed Facts with the Federal Court
  • The bank has admitted to an additional 76,000 breaches, resulting in the recommended $1.3 billion penalty, higher than the bank’s initial estimate of $900 million
  • Westpac shares are 2.32 per cent down in early trade, worth $16.01

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Latest Posts

Redflow: Completed its capital raise

Battery manufacturer Redflow (RFX) has finally completed its capital raise, walking away with $6.9 million in additional funds The company first announced it...

Credit Suisse & AXA: Launch digital bancassurance services

CSX Credit Suisse's digital banking offering that enables clients to carry out their day-to-day banking transactions simply, quickly Credit Suisse launching integrated bancassurance solutions...

Family Zone: Raises $22M for business expansion

Cybersecurity company Family Zone (FZO) is planning to raise up to $22 million through a placement and share purchase plan While it has...

Austal: Buys BSE Maritime Group for $27.5M

Global shipbuilder Austal (ASB) has signed to buy ship repairers BSE Maritime Group for $27.5 million The purchase is in line with Austal's...

Trending Stories

Redflow: Completed its capital raise

Battery manufacturer Redflow (RFX) has finally completed its capital raise, walking away with $6.9 million in additional funds The company first announced it...

Credit Suisse & AXA: Launch digital bancassurance services

CSX Credit Suisse's digital banking offering that enables clients to carry out their day-to-day banking transactions simply, quickly Credit Suisse launching integrated bancassurance solutions...

Family Zone: Raises $22M for business expansion

Cybersecurity company Family Zone (FZO) is planning to raise up to $22 million through a placement and share purchase plan While it has...

Austal: Buys BSE Maritime Group for $27.5M

Global shipbuilder Austal (ASB) has signed to buy ship repairers BSE Maritime Group for $27.5 million The purchase is in line with Austal's...

King Island Scheelite: Raises funds for Tungsten Mine

King Island Scheelite (KIS) has received binding commitments to raise over $2.5 million via a placement All up, roughly 46.7 million new fully-paid...

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