Violation Tracker Parent Company Summary
Parent Company Name:
Bank of New York Mellon
Ownership Structure:
publicly traded (ticker symbol BK)
Headquartered in:
New York
Major Industry:
financial services
Specific Industry:
banking
Penalty total since 2000:
$1,518,656,006
Number of records:
33
| Top 5 Offense Groups (Groups Defined) | Penalty Total | Number of Records |
|---|---|---|
| financial offenses | $1,047,807,564 | 25 |
| employment-related offenses | $421,388,037 | 4 |
| government-contracting-related offenses | $34,630,405 | 2 |
| competition-related offenses | $14,830,000 | 2 |
| Top 5 Primary Offense Types | Penalty Total | Number of Records |
|---|---|---|
| banking violation | $890,516,000 | 5 |
| benefit plan administrator violation | $421,200,000 | 3 |
| investor protection violation | $119,045,447 | 12 |
| anti-money-laundering deficiencies | $38,000,000 | 1 |
| False Claims Act and related | $34,630,405 | 2 |
Notes:
Parent-subsidiary linkages are based on relationships current as of the latest revision listed in the Update Log, which may vary from what was the case when a violation occurred. The penalty totals are adjusted to account for the fact that the individual entries below may include both agency records and settlement announcements for the same case; or else a penalty covering multiple locations may be listed in the individual records for each of the facilities. The totals are also adjusted to reflect cases in which federal and state or local agencies cooperated and issued separate announcements of the outcome. Duplicate or overlapping penalty amounts are marked with an asterisk in the list below.
Links:
Subsidy Tracker data on financial assistance to this company by federal, state and local government agencies can be found here.
Individual Penalty Records:
Click on the company or penalty amount for more information on each case.
| Company | Primary Offense Type | Year | Agency |
Penalty Amount |
|---|---|---|---|---|
| Bank of New York Mellon | banking violation | 2015 | USAO | $714,000,000 |
| Bank of New York Mellon Corporation | benefit plan administrator violation | 2015 | private lawsuit-federal | $335,000,000 |
| Bank of New York Mellon | banking violation | 2015 | NY-AG | $167,500,000 |
| Bank of New York Mellon | benefit plan administrator violation | 2015 | EBSA | $84,000,000 |
| Bank of New York Mellon | investor protection violation | 2018 | SEC | $54,000,000 |
| The Bank of New York | anti-money-laundering deficiencies | 2005 | USAO | $38,000,000 |
| Bank of New York Mellon | investor protection violation | 2013 | FL-AG | $28,000,000 |
| BNY Mellon Securities LLC | investor protection violation | 2011 | SEC | $24,045,447 |
| Mellon Bank N.A. | False Claims Act and related | 2006 | USAO | $18,130,405 |
| Mellon Bank, N.A. | False Claims Act and related | 2007 | DOJ_CIVIL | $16,500,000 |
| BNY Mellon | Foreign Corrupt Practices Act | 2015 | SEC | $14,800,000 |
| BNY Mellon | investor protection violation | 2017 | SEC | $6,600,000 |
| THE BANK OF NEW YORK MELLON | banking violation | 2012 | FED | $6,000,000 |
| Bank of New York Mellon Corporation | banking violation | 2017 | FED | $3,000,000 |
| Bank of New York Mellon Corporation | benefit plan administrator violation | 2009 | private lawsuit-federal | $2,200,000 |
| Dreyfus Corporation | investor protection violation | 2000 | NY-AG | $2,000,000 |
| Bank of New York Mellon Corp. | investor protection violation | 2011 | MULTI-AG | $1,300,000 |
| Dreyfus Corporation | investor protection violation | 2000 | SEC | $950,000 |
| The Bank Of New York | investor protection violation | 2007 | SEC | $750,000 |
| Bank of New York Mellon | investor protection violation | 2019 | CFTC | $750,000 |
| BNY Mellon Capital Markets LLC | investor protection violation | 2011 | TX-SEC | $500,000 |
| Bank of New York Mellon | employment discrimination | 2010 | NJ-AG | $188,037 |
| Bank of New York | economic sanction violation | 2004 | OFAC | $137,500 |
| BNY Mellon Capital Markets, LLC | investor protection violation | 2015 | SEC | $120,000 |
| Bank of New York | economic sanction violation | 2004 | OFAC | $34,623 |
| Bank of New York Mellon (Shanghai Branch) | export control violation | 2011 | BIS | $30,000 |
| BNY Mellon Shareowner Services | investor protection violation | 2010 | MA-AG | $30,000 |
| Bank of New York | economic sanction violation | 2004 | OFAC | $27,500 |
| Bank of New York | economic sanction violation | 2003 | OFAC | $24,750 |
| Bank of New York Mellon | banking violation | 2018 | FED | $16,000 |
| Mellon Bank N.A. | economic sanction violation | 2004 | OFAC | $10,400 |
| The Bank of New York | economic sanction violation | 2005 | OFAC | $5,844 |
| Bank of New York | economic sanction violation | 2004 | OFAC | $5,500 |
