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Factbox: Penalties imposed on Australian companies over the recent years

May 30, 2023
Source: reuters.com reuters.com
News Snapshot:
May 30 (Reuters) - Australian regulators have over the recent years fined a slew of companies over breaches and non-compliance issues, with the country's "Big Four" banks penalised the heaviest over money laundering and plenty of other charges. Here are some of the major penalties imposed by the regulators: AMP LTD (AMP.AX) Troubled Australian wealth manager AMP Ltd was fined a court-mandated penalty of A$24 million in May for billing dead clients for insurance and financial advice. ANZ GROUP HOLDINGS (ANZ.AX) An Australian court fined the country's fourth-largest bank, ANZ Group Holdings, A$10 million in penalties in March for non-compliance...
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Tags: Australia | bank | banking | Casino | children | China | commission | Commonwealth Bank of Australia | consumer | court | credit | crime | criminal | energy | entertainment | fee | finance | financial | fraud | gambling | insurance | Internet | Singapore | technology | Terrorism

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