RBC to pay $6 million to settle US charges of internal accounting control violations
4:28 pm Thursday, November 02nd, 2023
OTTAWA (Reuters) – The Royal Bank of Canada (RBC) has agreed to pay a $6 million penalty to settle U.S. charges it violated internal accounting controls, the U.S. Securities and Exchange Commission (SEC) said on Thursday.
RBC, Canada’s largest bank, did not admit or deny the SEC’s findings in the settlement, the regulator said in a statement.
(Reporting by Ismail Shakil, editing by David Ljunggren)
