ASIC: ANZ admits widespread misconduct, agrees to pay record A$240m in penalties
The Australian regulator has cited four proceedings at the bank spanning misconduct across the bank's institutional and retail divisions, including over the management of a A$14bn government bond issue; ANZ, which is cutting 3,500 jobs, has admitted to "unconscionable...
Tfoso
September 15, 2025
Australia and New Zealand Banking Group (ANZ) has admitted to “engaging in unconscionable conduct” by incorrectly reporting bond trading data to the Australian government by overstating the volumes by billions of dollars, and to widespread misconduct across products and services impacting nearly 65,000 customers, according to a September 15 media notice from the Australian Securities and Investments Commission (ASIC).
href="https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2025-releases/25-201mr-anz-admits-widespread-misconduct-and-agrees-to-pay-240-million-in-penalties/">¬ Haymarket Media Limited. All rights reserved.
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