Business

Freelancers should be paid higher minimum wage, says think tank

Image copyright Getty Images Contractors and other flexible workers should enjoy a higher minimum wage than those with secure employment, the Demos think tank has urged. A higher rate would insulate workers from some of the risk they face as a result of unsecure earnings. The think tank also suggests that banks or trade unions […]

Freelancers should be paid higher minimum wage, says think tank Read More »

Westpac bank ‘breached anti-money laundering laws’

Image copyright Getty Images Australia’s financial crime watchdog has accused Westpac bank of 23 million breaches of anti-money laundering and counter-terrorism financing laws. The Australian Transaction Reports and Analysis Centre (Austrac) said each breach carries a maximum a penalty of A$21m ($7.5m; £11m). Westpac, the country’s second largest bank, said it is “reviewing” Austrac’s claim.

Westpac bank ‘breached anti-money laundering laws’ Read More »