The prudential regulator says Westpac Banking Corp’s anti-money laundering failings did not amount to a breach of the Banking Executive Accountability Regime (BEAR) or the Banking Act and it has closed its investigation into the bank, two-and-a-half months after ASIC also shut its probe.
https://www.afr.com/companies/financial-services/apra-drops-westpac-laundering-case-20210312-p57a68
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