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BNY Mellon To Pay $14.8M To Settle FCPA Internship Case

By Jacob Batchelor (August 18, 2015, 12:32 PM EDT) -- The U.S. Securities and Exchange Commission on Tuesday said that Bank of New York Mellon Corp. will pay $14.8 million to settle Foreign Corrupt Practices Act charges alleging that the bank gave internships to family members of influential foreign government officials, the first resolution of its kind....

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