Westpac admits it has failed to fix culture that contributed to money-laundering scandal

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Westpac admits it has failed to fix culture that contributed to money-laundering scandal
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Bank pledged to address issues two years ago, but fresh review finds shortcomings persist

A second review of Westpac’s corporate culture in two years has found problems with risk management persist, and the bank has pledged to ‘reset’ an existing program to address them.A second review of Westpac’s corporate culture in two years has found problems with risk management persist, and the bank has pledged to ‘reset’ an existing program to address them.

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