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Articles on Banking royal commission

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Australia’s anti-money-laundering agency has accused Westpac’s senior management, including chief executive Brian Hartzer, of indifference to the bank’s anti-money-laundering obligations. Joel Carrett/AAP

Westpac’s scandal highlights a system failing to deter corporate wrongdoing

It’s no wonder corporate wrongdoing occurs when the profits from wrongdoing outweigh the costs of being caught and punished.

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