Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Westpac Banking Corporation (WBK)

NEW YORK, NY / ACCESSWIRE / January 31, 2020 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Westpac Banking Corporation ("Westpac" or the Company") (NASDAQ:WBK). Investors who purchased Westpac securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/wbk.

The investigation concerns whether Westpac and certain of its officers and/or directors have violated federal securities laws.

On November 19, 2019, after market hours, AUSTRAC, Australia's anti money-laundering ("AML") and terrorism-financing regulator, filed a civil action in Australian court alleging over 23 million breaches of Australian AML/counter-terrorism financing legislation by Westpac, including a failure to report more than 19.5 million international fund transfers, failure to perform enhanced due diligence on correspondent banks in high-risk jurisdictions, and failure to introduce appropriate detection scenarios related to potential child exploitation risks. On this news, Westpac's American depositary receipt price fell $1.25 per share, or 7.13%, over the next three trading sessions, closing at $16.67 per share on November 22, 2019.

If you are aware of any facts relating to this investigation, or purchased Westpac shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/wbk. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz and Grossman, LLC

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