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Westpac bank to pay record Australian fine over laundering breaches

Westpac failed to adequately report 19 million transactions, some allegedly linked to child exploitation.

Thousands of British expats living in the EU have been told their bank accounts are being closed.

The idea is one of a number being trialled to help improve access to cash in remote areas.

Governor Andrew Bailey suggests that some sectors may benefit from further targeted help.

Bank of England says Brexit is another risk as it keeps interest rates at historic low.

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