ASIC v AMP (mortgage broker BID)
civil penalty21 Aug 2024Penalty $4.00M
Respondent
AMP Capital Investors Ltd
Facts
AMP admitted Best Interests Duty failures.
Outcome
$4M penalty + remediation.
Read the source
https://asic.gov.au/about-asic/news-centre/find-a-media-release/Rules Mate links to the regulator's own publication. We do not republish full decision text. Always verify the latest status against the source before acting.