ASIC pushes for $15M fine in NAB ‘Introducer’ case, but judge questions scope of investigation

Amelia Avery-Williams 2020-07-20 9:21 pm By Alison Eveleigh | Sydney

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ASIC has called for a $15 million penalty against National Australia Bank over its scandal-ridden ‘Introducer’ loan referral program, but a judge has questioned the “superficial” investigations in the case and remarked on the corporate regulator’s “pattern” of bringing enforcement action after remediation programs were well underway.

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