{"id":1140,"date":"2019-12-18T09:44:01","date_gmt":"2019-12-18T13:44:01","guid":{"rendered":"https:\/\/truthtechnologies.com\/?p=1140"},"modified":"2019-12-18T09:44:01","modified_gmt":"2019-12-18T13:44:01","slug":"westpac-banks-anti-money-laundering-global","status":"publish","type":"post","link":"https:\/\/truthtechnologies.com\/es\/westpac-banks-anti-money-laundering-global\/","title":{"rendered":"Westpac Bank&#8217;s Anti-Money Laundering Woes are Global"},"content":{"rendered":"<p>Ten banks in the Philippines are involved in a inquiry by the Bangko Sentral ng Pilipinas (BSP). The reason for the inquiry is to assess the banks and their relations with Australia&#8217;s Westpac. <a href=\"https:\/\/truthtechnologies.com\/es\/blog\/know-your-customer-in-banking-failure\/\">Westpac was recently fined for about 23 million breaches<\/a> in anti-money laundering(AML) regulations. Many of these breaches occurred with Westpac&#8217;s LitePay low-value payment service. In recent news, bank anti-money laundering failures have been the cause of a lot of fines. One of the banks under scrutiny by BSP is the Bank of the Philippine Islands(BPI). In 2016, Westpac and BPI worked together to offer the LitePay service to local Filipinos.<\/p>\n<p>Westpac is facing large fines and two of the top executives have stepped down. This investigation proves the problems aren&#8217;t stopping at the Australian border. To prevent anti-money laundering bank failures, many countries require every transaction over a designated amount or that may be suspicious must be reported to regulators.<\/p>\n<p>To read more about BSP&#8217;s inquiry, visit <a href=\"https:\/\/cnnphilippines.com\/business\/2019\/12\/17\/BSP-Westpac-money-laundering.html\">this article<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Ten banks in the Philippines are involved in a inquiry by the Bangko Sentral ng Pilipinas (BSP). The reason for the inquiry is to assess the banks and their relations with Australia&#8217;s Westpac. Westpac was recently fined for about 23 million breaches in anti-money laundering(AML) regulations. Many of these breaches occurred with Westpac&#8217;s LitePay low-value [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":1141,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_front_end_style_editor":"no","ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[10],"tags":[],"class_list":["post-1140","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-article-summaries","entry","has-media"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.1 (Yoast SEO v28.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Westpac Bank Anti-Money Laundering Woes are Global<\/title>\n<meta name=\"description\" content=\"10 banks in the Philippines are involved in a inquiry by the BSP. The reason for the inquiry is to assess the banks and their relations with Westpac.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/truthtechnologies.com\/es\/westpac-banks-anti-money-laundering-global\/\" \/>\n<meta property=\"og:locale\" content=\"es_MX\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Westpac Bank&#039;s Anti-Money Laundering Woes are Global\" \/>\n<meta property=\"og:description\" content=\"10 banks in the Philippines are involved in a inquiry by the BSP. The reason for the inquiry is to assess the banks and their relations with Westpac.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/truthtechnologies.com\/es\/westpac-banks-anti-money-laundering-global\/\" \/>\n<meta property=\"og:site_name\" content=\"Truth Technologies\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-18T13:44:01+00:00\" \/>\n<meta name=\"author\" content=\"Egide Thein\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Egide Thein\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minuto\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/truthtechnologies.com\\\/westpac-banks-anti-money-laundering-global\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/truthtechnologies.com\\\/westpac-banks-anti-money-laundering-global\\\/\"},\"author\":{\"name\":\"Egide Thein\",\"@id\":\"https:\\\/\\\/truthtechnologies.com\\\/#\\\/schema\\\/person\\\/30521ccc44613411a10e7dfc5e4a3fb6\"},\"headline\":\"Westpac Bank&#8217;s Anti-Money Laundering Woes are Global\",\"datePublished\":\"2019-12-18T13:44:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/truthtechnologies.com\\\/westpac-banks-anti-money-laundering-global\\\/\"},\"wordCount\":174,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/truthtechnologies.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/truthtechnologies.com\\\/westpac-banks-anti-money-laundering-global\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Article Summaries\"],\"inLanguage\":\"es\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/truthtechnologies.com\\\/westpac-banks-anti-money-laundering-global\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/truthtechnologies.com\\\/westpac-banks-anti-money-laundering-global\\\/\",\"url\":\"https:\\\/\\\/truthtechnologies.com\\\/westpac-banks-anti-money-laundering-global\\\/\",\"name\":\"Westpac Bank Anti-Money Laundering Woes are Global\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/truthtechnologies.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/truthtechnologies.com\\\/westpac-banks-anti-money-laundering-global\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/truthtechnologies.com\\\/westpac-banks-anti-money-laundering-global\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2019-12-18T13:44:01+00:00\",\"description\":\"10 banks in the Philippines are involved in a inquiry by the BSP. 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