Westpac has cut all its ties with the government of Nauru and its investors due to concerns raised by internal anti - money laundering and counter - terrorism intelligence experts , according to reports ; Westpac has made no comment . Though the bank has been cutting back its operations in the Pacific region over recent years , the decision to end its association with the Nauruan government seems to have taken the country by surprise .
Westpac has cut all its ties with the government of Nauru and its entities due to concerns raised by internal anti-money laundering and counter-terrorism financing experts, according to reports; Westpac has made no comment. Though the bank has been cutting back its operations in the Pacific region over recent years, the decision to end its association with the Nauruan government appears to have taken the country by surprise.