How Anti-money Laundering Successes Obscure ‘Almost Complete’ Failure

Dr Ron Pol
Jan 30, 2020 · 15 min read

Enforcement crackdown hides uncomfortable realities

Next month, Westpac’s new chairman faces Australia’s “biggest breach of anti-money laundering laws”, but there’s more at stake — in every country affected by such laws — than most reports suggest. A vigorous regulator is tipped to beat its record-breaking penalty against another major bank…