Lindsay Maxsted
Lindsay Maxsted is the former chair of Westpac Banking Corporation, who stepped down following the bank's involvement in a significant money laundering scandal that resulted in the largest corporate fine in Australian history. Under his leadership, the bank faced severe scrutiny for failing to adhere to anti-money laundering laws, leading to widespread leadership changes and a commitment to restore trust and compliance within the institution.
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The scandal involved 23 million breaches of anti-money-laundering laws after the bank failed to properly vet thousands of international transactions, including customers who paid for child exploitation in the Philippines and other parts of South-East Asia.
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