Australia"s Westpac fined $2.4 million in rate case, fraction of penalty sought

Australia's Westpac Banking Corp said in a defence filing in Federal Court on Friday it was admitting to a number of failures in a case where it has been accused of 23 million breaches of anti-money laundering and counter-terrorism laws......»»

SYDNEY (Reuters) - Commonwealth Bank of Australia (CBA) agreed to a record penalty of A$700 million ($529.3 million) to settle explosive money laundering charges brought by Australia's financial intelligence agency......»»

Commonwealth Bank of Australia (CBA) has agreed to a record penalty of A$700 million ($529.3 million) to settle explosive money laundering charges brought by Australia's financial intelligence agency. Ed Giles reports......»»

A California judge fined Uber Technologies Inc. $59 million on Monday, and threatened to suspend its permit to operate in the state if the ride-hailing giant doesn't pay the penalty and answer regulators' questions within 30 days......»»

Roughly 30 million Americans have filed for unemployment benefits in two months. Economists estimate the national unemployment rate sits between 15 and 20 percent, compared to about 25 percent at the peak of the Great Depression......»»

Tampa Bay's largest public company has been fined over $80 million in a French antitrust case with ties to Apple. Clearwater-based Tech Data (NASDAQ: TECD) has been sanctioned $83.5 million, after allegedly agreeing to a non compete clause with .....»»

Australia's Federal Court has ordered wealth manager AMP Ltd to pay a penalty of A$5.2 million ($3.5 million) for failing to prevent incorrect insurance advice by financial planners, the corporate watchdog said on Wednesday......»»

A group that includes two of Forever 21 Inc.'s biggest landlords has offered to buy the bankrupt retailer for $81 million, a fraction of wha.....»»

Australia's No. 2 lender Westpac Banking Corp said on Saturday a class-action lawsuit, naming former Chief Executive Brian Hartzer and interim CEO Peter King as defendants, has been filed in a U.S. court on behalf of its shareholders......»»

Analysts at Westpac Banking Corp now expect the Reserve Bank of Australia (RBA) will cut interest rates in April, rather than February, following a second month of surprisingly upbeat jobs data......»»

A U.S. banking regulator fined Citibank N.A. $18 million for delays in purchasing mandatory flood insurance for properties where borrowers were located in flood-prone areas......»»

The head of Australia's competition regulator on Friday said a record fine of A$125 million ($86 million) imposed on Volkswagen AG was just a taste of what companies could expect in the future......»»

Westpac Banking Corp will be required to hold an extra A$500 million in capital after Australia's banking regulator announced an investigation into the bank's alleged money laundering breaches......»»

The CEO and chairman of Australia's Westpac Banking Corp are out after financial crime watchdog AUSTRAC accused the bank of 23 million breaches of anti-money laundering laws, including payments related to child exploitation......»»

The board of Australia's second largest bank on Friday apologized unreservedly for 23 million breaches of money laundering laws, but stood by management despite pressure from politicians to review its leadership......»»

Australia's Westpac Banking Corp has been accused of 23 million breaches of anti-money laundering law, with regulators saying the company enabled payments from convicted child sex offenders and "high risk" countries over half a decade......»»

Regulators on Wednesday accused Australia's Westpac Banking Corp of 23 million breaches of anti-money laundering laws, saying the bank ignored red flags and enabled payments from convicted child sex offenders and "high risk" countries for years......»»

Australia's Westpac Banking Corp was accused on Wednesday of 23 million breaches of anti-money laundering rules, with a regulator saying the financial giant enabled payments from "high risk" countries and convicted child sex offenders......»»

Federal regulators issued a $2.15 million civili penalty against Jackson Health System for alleged violations of patient privacy laws. The Office for Civil Rights (OCR) at the U.S. Department of Health and Human Services said JHS, the public health .....»»

The U.S. Commodity Futures Trading Commission (CFTC) said on Thursday Kraft Heinz Co and Mondelez International Inc will have to pay $16 million in penalty regarding a wheat manipulation case that dates back to 2015......»»