Exclusive: Hong Kong fraud payments put Westpac under fresh scrutiny
do not allege Westpac failed to report these transactions to the AUSTRAC and the payments were not referenced in the financial intelligence agency's statement of claim against the bank.
The payments came to light following a judgment handed down in the NSW Supreme Court in late November that found Sydney lawyer Leigh Johnson was a signatory to the Westpac account. The court found Ms Johnson knew conman Mr Foster was involved in the scheme and was also aware he used a fake name and did not inform law enforcement.Sydney solicitor Leigh Johnson.
Mr Gamble said he would investigate whether the Hong Kong payments were not properly flagged by the bank as suspicious."As far as we're aware, none of these payments of $250,000 a pop, all 32 of them, it doesn't appear that any of these transactions were challenged by the bank.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tourism Australia splashes cash on social media stars, led by one linked to Hong Kong protestsTourism Australia splashed more than half a million dollars on social media influencers in 2018-19, including a top Indian cricketer.
Read more »
Tourism Australia splashes cash on social media stars, led by one linked to Hong Kong protestsTourism Australia splashed more than half a million dollars on social media influencers in 2018-19, including a top Indian cricketer.
Read more »
Australian shares to fall while Fed keeps interest rates on holdThe local share market is expected to fall ahead of Westpac's annual general meeting, while the Australian dollar jumps after the US Federal Reserve keeps interest rates steady.
Read more »
Health insurers call for federal crackdown on public hospital 'fraud'Health funds say they have evidence suggesting some public hospitals are admitting members as private patients only to have a junior doctor treat them.
Read more »
RBA signals cheques are on the way outReserve Bank governor Philip Lowe on Tuesday said the days of the cheque were numbered while revealing Australians were also quickly giving up on cash as they moved to tap-and-go and other electronic forms of payment | swrighteconomy
Read more »
Kim Williams lashes 'low value' rugby union over sense of 'self-entitlement'The former Foxtel boss has launched a scathing attack on rugby union just as Rugby Australia gets set for a fresh round of TV rights negotiations.
Read more »