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It's not only Westpac. What's behind the biggest fine in Australian corporate history

  • Written by Thomas Clarke, Professor, UTS Business, University of Technology Sydney
It's not only Westpac. What's behind the biggest fine in Australian corporate historyMarlon Trottmann/Shutterstock

Westpac is to pay A$1.3 billion, by far Australia’s biggest-ever corporate fine for breaches of the Anti-Money Laundering and Counter-Terrorism Financing Act.

The 93-page statement of agreed facts and admissions prepared by Westpac and the Australian Transaction Reports and Analysis Centre (AUSTRAC) says Westpac...

Controlling business spend is helping finance leaders to forecast with confidence

Forecasting has always been central to financial planning; however, traditional methods based on historical trends are no longer enough. Economic ...

From correction to resilience: making the most of Australia’s evolving insurance landscape

Australia is benefiting from one of the most favourable insurance market environments seen in years. However, it’s important to recognise that these...

AI is Changing Trademarking Forever

The launch of ChatGPT in 2022 marked a turning point for AI. In three short years, AI has been integrated into everything from our phone cameras to ...

Times Media Australia Launches Times Australia Today

A New National Digital Publication Designed to Make Sense of Modern Australia Sydney, Australia — 26 November 2025 — Times Media Australia today an...

The Future of Ozi.com.au

Ozi.com.au: The New Benchmark in Australian Digital Services In a digital landscape evolving at breakneck speed, Australian businesses are demand...

Brisbane’s brightest recognised: Daniel Mikus and James Rolph win Specialist Services Award at the 2025 Brisbane Young Entrepreneur Awards - again

Young Brisbane entrepreneurs Daniel Mikus and James Rolph, cofounders of MR Group, have been officially crowned winners of the Specialist Services...

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