San Diego, CA -- (SBWIRE) -- 03/16/2020 -- A deadline is coming up on March 30, 2020 in the lawsuit filed for certain investors of Westpac Banking Corporation (NYSE: WBK over alleged securities laws violations by Westpac Banking.

Investors who purchased shares of Westpac Banking Corporation (NYSE: WBK) have certain options and there are strict and short deadlines running. Deadline: March 30, 2020. NYSE: WBK stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges on behalf of purchasers of Westpac Banking Corporation (NYSE: WBK) common shares between November 11, 2015 and November 19, 2019, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between November 11, 2015 and November 19, 2019, the defendants made false and/or misleading statements and/or failed to disclose that contrary to Australian law, the Company failed to report over 19.5 million international funds transfer instructions to AUSTRAC, Australia's anti money-laundering and terrorism financing regulator, that the Company did not appropriately monitor and assess the ongoing money laundering and terrorism financing risks associated with movement of money into and out of Australia, that the Company did not pass on requisite information about the source of funds to other banks in the transfer chain, that despite being aware of the heightened risks, the Company did not carry out appropriate due diligence on transactions in South East Asia and the Philippines that had known financial indicators relating to child exploitation risks, that the Company's AML/CTF Program was inadequate to identify, mitigate and manage money laundering and terrorism financing risks, and that as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of Westpac Banking Corporation (NYSE: WBK) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.