The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Westpac Banking Corporation Investors (WBK)
29 Enero 2020 - 3:20PM
Business Wire
The Law Offices of Frank R. Cruz announces an investigation on
behalf of Westpac Banking Corporation (“Westpac” or the “Company”)
(NYSE: WBK) investors concerning the Company and its officers’
possible violations of federal securities laws.
If you are a shareholder who suffered a loss, click here to
participate.
On November 19, 2019, Westpac was charged by the Australian
Transaction Reports and Analysis Centre (“AUSTRAC”) with over 23
million violations of the Anti-Money Laundering and
Counter-Terrorism Financing Act (the “AML-CTF Act”). Among other
things, AUSTRAC’s Statement of Claim contends that the Company
failed to distinguish money laundering or risky payments to and
from Southeast Asia indicative of child sexual exploitation,
despite Westpac senior management being “specifically briefed” in
2016 on how the bank’s international digital payments service could
be at risk for such abuse.
On this news, the Company’s share price fell $0.80, or over 4%,
to close at $17.15 per share on November 20, 2019, thereby injuring
investors.
Follow us for updates on Twitter: twitter.com/FRC_LAW.
If you purchased Westpac securities, have information or would
like to learn more about these claims, or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Frank R. Cruz, of The Law
Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los
Angeles, California 90067 at 310-914-5007, by email to
info@frankcruzlaw.com, or visit our website at
www.frankcruzlaw.com. If you inquire by email please include your
mailing address, telephone number, and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: https://www.businesswire.com/news/home/20200129005768/en/
The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz,
310-914-5007 fcruz@frankcruzlaw.com www.frankcruzlaw.com
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