BOQ widens review scope

ASIC says Bank of Qld will broaden review into compliance systems after more complaints

Bank of Queensland (BOQ) will broaden a review into its compliance systems and remediation processes, at the request of the Australian Securities and Investment Commission 

In a statement, ASIC said the development comes after further reports of errors in the lender's interest rates and fees.

The lender self-reported a $12 million customer error to ASIC last year, following a system issue.

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