Australian Regulator Imposes $165 Million Fine on ANZ for Misconduct

Written by Emily J. Thompson, Senior Investment Analyst

Source: SeekingAlpha

Updated: Dec 19 2025

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Source: SeekingAlpha

ANZ Group Penalty: The Australian Securities and Investments Commission has fined ANZ Group A$250 million (approximately $165 million) for extensive misconduct in its banking operations, including issues related to a A$14 billion government bond deal.
Details of Misconduct: The fine covers four cases of misconduct, with specific penalties including $135 million for institutional misconduct, $40 million for mishandling customer hardship notices, and $35 million for improper fees on deceased customer accounts.
Company Response: ANZ Group is addressing these issues through its Root Cause Remediation Plan and ASIC Matters Resolution Program, which includes independent oversight to improve risk management practices.
Context of the Fine: The penalty reflects systemic failures that have negatively impacted customers, highlighting the need for better governance and compliance within the bank's operations.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.