This blog discusses the Westpac scandal, its massive consequences and the details of follow-on private securities litigation. Westpac, Australia’s second-largest retail bank, has been embroiled in a scandal arising from approximately 23 million alleged breaches of Australia’s anti-money laundering/countering terrorist financing laws and regulations involving nearly $12 billion in transactions.
http://jdsupra.com/legalnews/investors-bring-10b-5-action-against-63601/
