Westpac acknowledges civil proceedings by AUSTRAC

ASX
Release

20 NOVEMBER 2019

Westpac acknowledges commencement of civil proceedings by AUSTRAC
Westpac Group has this morning received a statement of claim from AUSTRAC, commencing
civil proceedings in relation to alleged contraventions of Westpac’s obligations under the Anti-
Money Laundering and Counter-Terrorism Financing Act.
Westpac has previously disclosed (including in its Full Year 2019 reporting) that it had self-
reported a failure to report a large number of international funds transfer instructions (IFTIs) to
AUSTRAC and that AUSTRAC was also investigating a number of other areas relating to
Westpac’s processes, procedures and oversight.
Westpac is currently reviewing AUSTRAC’s statement of claim and will issue a further
statement to the ASX once it has been assessed.


For further information:
David Lording Andrew Bowden
Media Relations Investor Relations
0419 683 411 0438 284 863