Banking on Justice: Not trying to score points

Westpac CEO Peter King

Westpac’s financial crime and compliance chief Les Vance and CEO Peter King second-guessed the AUSTRAC case would get oxygen since ASIC backed off on "wagyu and beef". Image credit: Mick Tsikas/AAP

Self-regulation is the go-to regulatory model across the economy, from financial services to aged care, but cracks appear when the scale of harm brings politics into play.[.....]

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