Macquarie and ANZ have agreed to pay a combined AUD 15 ##m ( $ 11 m ) after admitting to attempted cartel conduct with a Malaysian benchmark rate in 2011 . ANZ will pay AUD 10 m , while Macquarie will pay $ 6 m of the fine . ANZ admitted to 9 instances of illegal conduct , while Macquarie admitted to 8 . The Australian Competition and Consumer Commission said the alleged conduct involved Singapore - based traders communicating over private chat rooms about daily submissions on the Malaysian ringgit fixing rate .
Macquarie and ANZ have agreed to pay a combined AUD 15m ($11m) after admitting to attempted cartel conduct with a Malaysian benchmark rate in 2011. ANZ will pay AUD 9m, while Macquarie will pay AUD 6m of the fine. ANZ admitted to 10 instances of cartel conduct, while Macquarie admitted to 8. The Australian Competition and Consumer Commission said the alleged conduct involved Singapore-based traders communicating over private chat rooms about daily submissions on the Malaysian ringgit fixing rate.