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The Independent UK

National

Rod McGuirk

Bank to pay record £118m fine after failing to refund dead customers

ANZ Australia ASIC Nuno Matos

ANZ has its headquarters in Melbourne, Australia - (Getty Images)

One of Australia’s biggest banks has agreed to pay a record $240 million Australian dollars (£118 million) in penalties for corporate misconduct.

The misconduct affected nearly 65,000 customers, as well as the federal government.

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