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Men's Weekly

ANZ has been hit with a record $240 million fine. These lessons should have been learned years ago

  • Written by Jeannie Marie Paterson, Professor of Law (consumer protections and credit law), The University of Melbourne

ANZ Bank has agreed to pay a record fine of A$240 million after admitting to various forms of misconduct that occurred “over many years”.

Announced on Monday, the fine marks the culmination of a major investigation by Australia’s corporate regulator, the Australian Securities and Investments Commission (ASIC), into multiple...

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