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The SEC says the financial services firm gave student internships to family members of a Middle Eastern sovereign wealth fund in violation of the Foreign Corrupt Practices Act (FCPA).
The SEC reports that BNY Mellon, the investments company founded by Alexander Hamilton in 1784, 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.” Not surprisingly,...
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