Defendant Name: Bank of New York Mellon Corporation

Defendant Type: Public Company

Document Reference: 2015-170

Document Details

Legal Case Name In the Matter of The Bank of New York Mellon Corporation
Document Name SEC Charges BNY Mellon With FCPA Violations
Document Date 18-Aug-2015
Document Format Administrative Proceeding
File Number 3-16762
Allegation Type Foreign Corrupt Practices Act
Document Summary 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."

Disgorgement & Penalty Information

Resolutions
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution

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."