Australia's financial watchdog fined Westpac Banking Corp and two of its un...
FILE PHOTO: A man walks past a Westpac bank branch in Sydney, Australia April 20, 2018. REUTERS/Edgar Su/File Photo
The Australian Prudential Regulation Authority said Westpac and its units will have to pay a fine of A$1.5 million because they were up to 28 days late in submitting their reports for the month ended April 30. The fine is the maximum payable for the breach.
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