for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Australia fines ANZ $7.2 mln for billing clients for transfers between accounts

Oct 2 (Reuters) - Australia’s corporate regulator said on Friday a Federal Court had fined Australia and New Zealand Banking Group Ltd A$10 million ($7.2 million) for charging customers fees to transfer money between their accounts for more than a decade.

The penalty was levied after the Australian Securities and Investments Commission (ASIC) filed a suit against the country’s fourth-largest bank in July last year.

$1 = 1.3976 Australian dollars Reporting by Shashwat Awasthi in Bengaluru; Editing by Tom Hogue

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up