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Violation Tracker Individual Record

Company: Bank of New York Mellon
Current Parent Company: Bank of New York Mellon
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $167,500,000
Year: 2015
Date: March 19, 2015
Offense Group: financial offenses
Primary Offense: banking violation
Violation Description: The New York Attorney General announced that Bank of New York Mellon would pay $167.5 million to resolve allegations that it engaged in fraud and other misconduct when providing foreign exchange services to its customers. This was part of a larger $714 million settlement also involving the federal government; see the Violation Tracker entry at (click here)
Level of Government: state
Action Type: agency action
Agency: New York Attorney General
Civil or Criminal Case: civil
Facility State: New York
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.