Australia's Westpac unveils findings from compliance review

(Reuters) - Australian lender Westpac Banking Corp said on Thursday its millions of breaches of anti-money laundering and counter-terrorism laws were caused by "faults of omission" and not intentional wrongdoing.Unclear accountabilities as well as a lack of understanding and expertise caused the compliance failures, the company said in a statement. Last month, the country's second-largest bank had admitted to the charges but denied accusations it enabled illegal payments between known child sex..