Highlands News

Council to review Westpac term deposits

westpac term deposits

The majority of Wingecarribee Councillors have voted in favour of reviewing a number of term deposits council holds with Westpac.

The decision follows revelations that the bank broke anti money laundering laws 23 million times.

Council currently has three term deposits valued at $12 million dollars invested with the institution.

However Councillor Gary Turland says this may eventually change and believes it's time to look elsewhere.

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