Wow. Twenty three million times …

Australian Financial Review with the report:

  • Austrac … alleging "serious and systemic non-compliance" with laws that require banks to monitor the flows of money in and out of Australia
  • Austrac alleged Westpac breached anti-money laundering laws 23 million times.
  • "Over nearly five years, these transfers were both in and out of Australia, and amounted to over $11 billion"

Link is here for more.