'Deeply distressed' - Westpac chairman Lindsay Maxsted faces angry investors over laundering scandal

Westpac chairman Lindsay Maxsted has apologised to angry shareholders who are demanding answers to how the bank broke anti-money laundering laws 23 million times and dealt with at least one convicted paedophile. 

Former Labor senator Chris Schacht has blasted Mr Maxsted and the Westpac board for exposing shareholders to a scandal where child exploitation was facilitated.

Here's my report from The World Today