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Australia News on Nov. 26, 3019
Tuesday, November 26, 2019
VietPress USA Source: www.reddit.com
We all know chucking a two day sickie reinforces your tale of the dreaded lurgi.
What's your record?
How many Mondays in a row have you managed to skive?
Or is it always just that bit harder to get out of bed the day after payday?
BTW, did you know, "The Dreaded Lurgi" first appeared in the 50s in an episode of The Goon Show?
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Originally from AFRhttps://www.afr.com/companies/financial-services/westpac-removed-compliance-officer-who-reported-breach-20191125-p53dqd
Westpac Banking Corp's experienced anti-money laundering chief was told she didn't have the skills for the job and would have to take a more junior role after informing the bank that it faced the largest fine in corporate history, industry sources said.
Amanda Wood was Westpac's money-laundering reporting office and head of anti-bribery and corruption.
Amanda Wood, Westpac's money-laundering reporting officer, led the bank's response to the AUSTRAC investigation over 10 months, working with managers from the global transaction services business to understand what happened and provide explanations to AUSTRAC in person and in writing.
The former senior AUSTRAC official was also one of the Westpac managers who first informed the senior echelons of the bank that it had failed to notify AUSTRAC of millions of transactions with foreign banks. All international money transfers must be reported to the money-laundering investigator.
She regularly briefed the board's compliance committee, which had given itself responsibility for overseeing anti-money laundering and terrorism-financing policy and procedures.
Then in May this year, senior AUSTRAC officials, including chief executive Nicole Rose, met the Westpac board to discuss the breaches.
Austrac CEO Nicole Rose AAP
Ms Wood was not invited. Approximately 30 minutes after the meeting ended, Ms Wood held a "debrief" meeting with her supervisor, according to a source. She was told that AUSTRAC had informed the board it regarded the breaches as very serious.
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