Child Abuse and Money Transfers

bank: Outgoing chairman Lindsay Maxsted faced more than two hours of questioning at a marathon annual general meeting on Thursday, with shareholders demanding to know how Australia's second largest bank will atone for allegedly allowing money transfers that could be linked to child abuse in Asia, according to Nine News Australia. One shareholder called the board at best incompetent and negligent, and at worst complicit and culpable while others demanded further accountability beyond the departure of Mr Maxsted and chief executive Brian Hartzer. To improve your experience update it Westpac chairman admits bank was 'slow' to stop money laundering By 9News Staff7 45pm Dec 12, Westpac investors have roasted the board and called for directors to hand back their fees over the bank's child exploitation scandal. Westpac chairman Lindsay Maxsted has told today's AGM in Darling Harbour that the bank did not act quickly enough to prevent money transfers linked to potential child abuse. But before you do, you should hand back your fees. AAP Image/Mick Tsikas AAP You should go now, you should all go, one shareholder said to applause. (news.financializer.com). As reported in the news.