Economic & trade sanctions.
Westpac aims to make sure we comply with sanctions not just because we are required to but because it is the right thing to do for our organisation and for our customers.
How could they affect you?
As part of its risk-based compliance framework Westpac screens its customers and transactions to make sure that Westpac does not conduct business with, on behalf of, or for the benefit of, countries, entities, or individuals that are subject to sanctions laws.
Additionally, Westpac will not facilitate any transaction, access to Westpac products (including online banking), or engage in business relationships which directly or indirectly involves the following countries:
- North Korea
- Crimean, Donetsk, and Luhansk regions of the Ukraine.
Our policy gives our employees, contractors and customers guidance about the meaning of economic and trade sanctions and how to comply with them. It also details the key roles and responsibilities in relation to sanctions.
View the Westpac Group Sanctions statement (PDF) for more information.