Violation Tracker Individual Record

Company: 
Bank of New York Mellon
Current Parent Company: 
Bank of New York Mellon
Penalty: 
$714,000,000
Year: 
2015
Date: 
March 19, 2015
Primary Offense: 
banking violation
Secondary Offense: 
fraud
Violation Description: 

The United States Attorney for the Southern District of New York, the Attorney General for the State of New York, the U.S. Secretary of Labor and the Securities and Exchange Commission announced a settlement of civil lawsuits against Bank of New York Mellon alleging that it engaged in fraud and other misconduct when providing foreign exchange services to its customers.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
U.S. Attorney-Southern District of New York
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.