Jul 20, 2026 – 12.01amAustralia’s corporate regulator amassed a record $830 million in civil penalties over the past financial year, including fines for major banks ANZ, HSBC and Westpac, after ramping up its investigations to drive an upturn in criminal convictions and custodial sentences.The penalty amount achieved by the Australian Securities and Investments Commission is bigger than the previous four years combined, indicating that the tougher approach to enforcement taken by former chair Joe Longo and his replacement Sarah Court is paying dividends.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles