CFTC v. Australia and New Zealand Banking Group Ltd. (supervision failures, 2024)
Judgment entered
Checked against the primary document on October 2, 2026. The library's summary, tags and figures for this record were compared with the regulator's own document by an AI model (Claude) following written instructions, with sampled and disputed records read a second time. No lawyer has reviewed them. A checked record can still contain errors, and checked does not mean endorsed. See how we check records or report a correction.
In 2024, the Commodity Futures Trading Commission issued an order settling charges against Australia and New Zealand Banking Group Ltd.. The order charges a failure to supervise: the bank's spoofing-surveillance tool did not work properly on one vendor's futures data for two periods between 2019 and 2021. It finds no spoofing by any trader. The release records a civil penalty of $500,000.
The record
| Agency | CFTC |
|---|---|
| Release number | 8886-24 |
| Date filed | 2024-04-02 |
| Date resolved | 2024-04-02 |
| Status | judgment |
| Venue | CME |
| Criminal parallel | No |
| Defendants | Australia and New Zealand Banking Group Ltd. |
| Techniques |
What was ordered
- Civil penalty
- $500k
- Disgorgement
- —
- Prejudgment interest
- —
- Total relief
- $500k
- Alleged gain
- —
What is alleged to have happened
the Commodity Futures Trading Commission announced this matter on April 2, 2024 as release 8886-24. The respondent named is Australia and New Zealand Banking Group Ltd. (0 individuals, 1 entity).
This library carries no technique tag on this matter. The charge is a supervision failure about a surveillance gap; the order does not find that anyone spoofed, so no spoofing tag applies.
The order charges a failure to supervise: the bank's spoofing-surveillance tool did not work properly on one vendor's futures data for two periods between 2019 and 2021. It finds no spoofing by any trader.
The relief recorded in our data is a civil monetary penalty of $500,000. Penalty and disgorgement are distinct: disgorgement returns the gain, while the penalty is punitive. We store them separately so that aggregate figures across the library are not double-counted.
For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the release.
Timeline
- 2024-04-02 CFTC release published
Primary documents
Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.