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Australia’s securities regulator sues ANZ over home loan referrals By Reuters

© Reuters. FILE PHOTO: Commuters stroll previous an ANZ financial institution department in Sydney, Australia April 23, 2018. REUTERS/Edgar Su

(Reuters) – The Australian Securities and Investments Commission (ASIC) on Friday stated it commenced authorized proceedings in opposition to Australia and New Zealand Banking Group for home lone referrals below its ‘introducer program’.

The regulator added https://asic.gov.au/about-asic/news-centre/find-a-media-release/2021-releases/21-318mr-asic-sues-anz-over-introducer-program-home-loan-referrals that between June 2016 and March 2018, ANZ breached shopper safety credit score legal guidelines by accepting buyer info and paperwork from introducers and different unlicensed people, when this was not allowed.

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