ASIC: ANZ admits widespread misconduct, agrees to pay record A$240m in penalties

Australia and New Zealand Banking Group (ANZ) has admitted to “engaging in unconscionable conduct” by incorrectly reporting bond trading data to the Australian government by overstating the volumes by billions of dollars, and to widespread misconduct across products and services impacting nearly 65,000 customers, according to a September 15 media notice from the Australian Securities and Investments Commission (ASIC).