The both parties told the Court that discussions regarding a Statement of Agreed Facts have started, and the Court adjourned the matter til late February or early March 2020.
Westpac has made a number of changes to its transaction monitoring and is continuing to review its processes and report to AUSTRAC suspicious matters that are identified.
Shares in On Monday Westpac (ASX:WBC) closed 0.33 per cent higher at $24.35 yesterday.