The ANZ Bank sacked more than 300 staff last year over conduct breaches

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The ANZ says it detected 1,718 alleged breaches of its code of conduct and ethics last year, according to the banks’s submission to the Senate inquiry into foreign bribery.

The breaches in the 2014 year ranged from conflict of interest through to allegations of fraud, bullying and email misuse.

After investigation, the bank then dismissed 336 people, received 229 resignations, and issued 414 verbal warnings and 739 formal warnings.

The ANZ has more than 50,000 full-time staff.

ANZ employees, contractors or their families are forbidden from receiving or giving gifts or entertainment or sponsored travel which could affect the outcome of a business transaction.

“ANZ manages the risk of bribery and corruption business both in Australia and abroad through the implementation of a strong global anti-bribery and anti-corruption compliance program, which applies to ANZ employees and contractors,” the bank told the inquiry.

“With operations in over 30 countries, ANZ firmly believes that eliminating bribery and corruption from international business transactions is a desirable goal.”

The bank has positioned itself as a player in Asia. Revenue from Asia has consistently grown at double-digit rates with the cumulative annual growth rate over the last five years at 19%.

Last week the bank announced that Mike Smith, who has been CEO for eight years, is to be replaced by Shayne Elliott, the current chief financial officer, from January 1.

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