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Morrison, Turnbull up pressure on Westpac over money laundering claims
Prime Minister Scott Morrison and his predecessor Malcolm Turnbull have both stepped up pressure on the Westpac board to take responsibility for the alleged 23 million breaches of anti-money laundering and counter-terrorism finance laws, which prompted regulators to take legal action against the bank this week. Refusing to comment on whether CEO Brian Hartzer should step down, the Prime Minister said: "there has to be some understanding of accountability for when these things happen". video Westpac's board should come up with a plan for fixing the "clear weaknesses they have had in their systems that have allowed ... (full story)