Westpac's scandal highlights a system failing to deter corporate wrongdoing
- Written by Elise Bant, Professor of Law, University of Melbourne
The news that Australia’s anti money-laundering regulator has accused Westpac of breaching the law on 23 million occasions points to the prospect that powerful members of corporate Australia are still behaving badly.
This despite the clear lessons offered by the Banking Royal Commission.
Regulators are still struggling to find the right...
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