Update regarding ASIC’s AUSTRAC-related investigation

ASX
Release

23 December 2020

Update regarding ASIC’s AUSTRAC-related investigation

Following the civil proceedings commenced by AUSTRAC in the Federal Court of
Australia on 20 November 2019, ASIC commenced an investigation into matters related
to the AUSTRAC proceedings. APRA also commenced an investigation into matters
related to the AUSTRAC proceedings and potential contraventions of the Banking Act
1959 (Cth) (including the Banking Executive Accountability Regime) and subsequently
delegated certain enforcement powers to ASIC in connection with its investigation.

ASIC has today informed Westpac that it has concluded the investigation and that it
does not intend to take any enforcement action against Westpac or any individuals in
connection with the investigation.



For further information:

David Lording Andrew Bowden
Group Head of Media Relations Head of Investor Relations
0419 683 411 0438 284 863


















This document has been authorised f or release by Tim Hartin, General Manager & Company
Secretary.
Level 18, 275 Kent Street
Sydney, NSW, 2000