The Crown inquiry has raised the prospect of the casino giant facing criminal charges for dealing with the proceeds of crime after it allowed dirty cash to be laundered through its bank accounts.
The most financially-threatening of these injuries is the $8.2 billion-sized slump in its mortgage book over the year. Getting this wrong is a costly own-goal.
Rising misconduct costs,asset write-downs and ballooning legal fees have contributed to the hit to earnings ahead of Westpac's full-year result next week.
The head of the financial crimes watchdog says she is concerned about lawyers,accountants and real estate agents being used for money laundering.
The financial crimes watchdog has handed information to police over claims money was transferred from the Vatican to Australia to help influence the trial of Cardinal George Pell.
Correspondent bank relationships enable Australians to send money overseas. But are major banks,like Westpac,doing everything they can to stop criminal activity?
Helen Coonan staged a'coup'to oust former Crown executive chairman John Alexander in January and now she's trying to keep her own job.
Australia has dragged its feet for a decade. It must apply global rules to financial advisers selling shadowy offshore business schemes.
Crown Resorts chair Helen Coonan blamed"ineptitude"rather than the company deliberately"turning a blind eye"to criminals banking their dirty cash with the company.
The big banks'approach to anti-money laundering laws has once again come under the spotlight.
Crown Resorts’ woes are cascading,its share price is collapsing and the wealth of its major shareholder James Packer is shrinking.