The banking sector in Australia is considered to be the most profitable and successful industry in the world. It has also suffered a decade of scandals. On the 23rd September 2020, Westpac was accused for more than 23 million breaches of anti-money laundering law with $11billions worth of transactions. Westpac has agreed to pay a record $1.3 billion fine for the wrongdoing. The market also penalised Westpacs share price closed at $16.40 on the 23rd and following the allegation announcement it fell to around $16 when the market opened on the 24th, wiping off $1.4 billion of its total market value. Apply the various valuation models and relative measures taught in this course to assess whether Westpac share is correctly valued. Your analysis should include relevant data to help a prospective investor to decide whether he should invest in this company.