
The Bank of New York was offered a non-prosecution agreement and agreed to pay $38 million in penalties and victim compensation to resolve parallel criminal investigations conducted by the United States Attorneys' Offices for the Eastern and Southern Districts of New York relating to bny's responsibility for crimes involving fraud and money laundering, as well as bny's failure to comply with mandatory reporting obligations under the Bank Secrecy Act. For more info visit https://www.justice.gov/archive/usao/nye/pr/2005/2005nov08.html