ANZ pays $3.25m for fair-dealing breaches, avoids pecuniary penalty

ANZ pays $3.25m for financial markets conduct breaches. (Image: Getty)

Mon, 08 Sep 2025

New Zealand’s biggest bank, ANZ, has agreed to pay $3.25 million to the Crown as it admits to two fair-dealing breaches of the Financial Markets Conduct Act, the sector regulator says.The payment was in lieu of a pecuniary penalty. ANZ self-reported the two fair-dealing breaches of the act to the Financial Markets Authority (FMA).FMA said the first breach involved incorrectly applying fees and interest to customers’ accounts for unarranged overdrafts.The second breach involved claiming repayment of mortgage incentives prev...

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