Defendant Name: Bank of New York Mellon Corporation

Defendant Type: Public Company
SIC Code: 6022
CUSIP: 06405810

Initial Case Details

Legal Case Name In the Matter of The Bank of New York Mellon Corporation
First Document Date 18-Aug-2015
Initial Filing Format Administrative Action
File Number 3-16762
Allegation Type Foreign Corrupt Practices Act
AAER 3679

Violations Alleged

Exchange Act
• Sec 13(b)(2)(B)
• Sec 30A

Resolutions

First Resolution Date 18-Aug-2015
Headline Total Penalty and Disgorgement $14,800,000

Related Documents:

34-75720 18-Aug-2015 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On August 18, 2015, the SEC instituted cease-and-desist proceedings against The Bank of New York Mellon Corporation. BNY Mellon consented to the entry of the order without admitting or denying the SEC's allegations. According to the Commission: "This matter concerns violations of the anti-bribery and internal accounting controls provisions of the Foreign Corrupt Practices Act...by BNY Mellon. The violations took place during 2010 and 2011, when employees of BNY Mellon sought to corruptly influence foreign officials in order to retain and win business managing and servicing the assets of a Middle Eastern sovereign wealth fund."
2015-170 18-Aug-2015 Press Release--Administrative Proceeding
SEC Charges BNY Mellon With FCPA Violations
On August 8, 2015, the SEC announced settled administrative proceedings against BNY Mellon. The SEC stated that: "BNY Mellon has agreed to pay $14.8 million to settle charges that it violated the Foreign Corrupt Practices Act (FCPA) by providing valuable student internships to family members of foreign government officials affiliated with a Middle Eastern sovereign wealth fund."