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  1. I’m sure that Westpac are an A+rated corporate citizen in NZ, after all, much of their profit is generated here. If they were so quick to hand over what they thought was illegal to police, I’m sure they will hand over to the Tax Department, any illegal trust and money secretion activity to do with the Panama Papers, and tax havens in New Zealand.

    12,000 trusts and 60,000 transactions. Should be a pretty big file to hand of to IRD, even if they are a banker with conservatively speaking, 1/4 of of NZ’s banking business, then 3,000 Trust Details and 15,000 transactions links with the Panama Papers will take up a pretty big “Wine Box” full of USB’s.

    Where’s my male namesake Winston Peters when it comes to Wine Boxes? Gone a bit quiet in Northland and The Beehive lately hasn’t it?

  2. Yes Martyn as they (Westpac) fabricate everything to sell a buck even our privacy mate.

    Pure low life.

  3. Police do not require a warrant to request information from banks or other organisations neither to IRD or other government departments.

    1. Of course they do not need a warrant to REQUEST information. Anyone can request information. But if you don’t have either a signed authority on someone else’s behalf, a police warrant, or some other kind of legal authority – they are not supposed to give out information about someone else’s account.
      They are not supposed to: but obviously they did in this case.
      If any bank gave out information on my account to anyone who was not authorized to get it, I would feel annoyed, but perhaps it wouldn’t worry you IAS.

    2. Itsasecret, and we should take the word of an anonymous police-sychophant because—???

  4. I’ll be changing my bank account and moving away from Westpac shortly, when my fixed mortgage ends. I would’ve done it sooner if I hadn’t been locked in for the last two years.

    1. I see that even Jim Anderton is “OK” with Kiwibank being half sold-off.

      The “Mum and Dad investors” bullshit that went with the power companies sell off has been ditched in favour of The Super Fund etc.

      When the last state asset is sold off, maybe NZ can tax the Panama Papers Trust Funds to pay its way? Yeah right!

  5. What the hell is ACC buying bank for? Where does the ACC get enough funds to buy a bank? Wouldn’t the money be better spent paying out properly on ACC claims, or lowering premiums for kiwis.

    Smoke and mirrors, smoke and f-ing mirrors.

  6. A bank that provides loans for nuclear weapons ( as documented by Banktrack) sn’t a bank with any ethics at all.

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