LATEST PODCAST: Westpac and AUSTRAC in the spotlight

Join Alex Whitlock, Annie Kane and Charbel Kadib as they delve into the latest themes and developments in the home loan market.

In this episode, they delve into the anti-money laundering and anti-terrorism financing regulator AUSTRAC’s civil penalty orders against Westpac, as well as the latest class actions against ANZ and Westpac in relation to the mis-selling of comprehensive credit insurance.

This week they discuss…

• Westpac CEO Brian Hartzer’s response to the allegations
• Whether ramifications for the alleged breaches are adequate
• Previous cases of banks mis-selling CCI

PREVIOUS EPISODES:

Vertical integration and the rise of neobanks 
Best interests guidance and pre-approval suspension
Big bank profits slide