News Agency
Men's Weekly

Record corporate fines don't deter: here's a 'frank' fix to make penalties bite

  • Written by The Conversation

All things considered, Westpac’s record A$1.3 billion fine for breaching anti-money-laundering laws could have been worse.

Each of the alleged 23 million breaches of the Anti-Money Laundering and Counter-Terrorism Act between 2010 and 2018 carried a penalty of up to A$63,000. So the fine might have been more than A$1 trillion.

The A$1.3...

Read more: Record corporate fines don't deter: here's a 'frank' fix to make penalties bite

More Articles ...

  1. It's about to become easier to lend irresponsibly, to help the recovery
  2. We're facing an insolvency tsunami. With luck, these changes will avert the worst of it
  3. Top economists back boosts to JobSeeker and social housing over tax cuts in pre-budget poll
  4. Frydenberg is setting his budget ambition dangerously low
  5. Google and Facebook shouldn't subsidise journalism, but the government could
  6. Testamentary trusts are one of the last truly outrageous means of avoiding tax
  7. Keating is right. The Reserve Bank should do more. It needs to aim for more inflation
  8. New Zealand companies lag behind others in their reporting on climate change, and that's a risk to their reputation
  9. It's not only Westpac. What's behind the biggest fine in Australian corporate history
  10. More neurotic, less agreeable, less conscientious: how job insecurity shapes your personality

Contactless Payments and the Rise of the Smart EFTPOS Machine

Introduction In the fast-evolving world of digital commerce, the way consumers pay for goods and services has undergone a dramatic transformation. Traditional cash registers are being replaced with sleek, intelligent systems capable of handling payments quickly and securely. Among these innovations... Read more

  • 1
  • 2
Prev Next
Writers Wanted



NewsServices.com

Content & Technology Connecting Global Audiences

More Information - Less Opinion