Westpac's accountability review will have to determine whether the bank's board of directors did enough to avoid the failures in its risk governance, after the bank took 18 months to act on a request from AUSTRAC to improve the monitoring of paedophiles sending funds to south-east Asia.
Westpac chairman Lindsay Maxsted. Wayne Taylor
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
